Breaking:
- The Federal Reserve’s Board of Governors urged a judge to reject prosecutors’ request that he reconsider his decision to quash subpoenas issued in a criminal investigation of Chair Jerome Powell.
- U.S. Attorney Jeanine Pirro’s prosecutors say they are investigating Powell over cost overruns in renovations of the Fed’s headquarters in Washington and his congressional testimony about that project.
- Judge James Boasberg, in blocking the subpoenas to the central bank, said the probe appeared motivated by Powell’s refusal to bend to President Donald Trump’s demands to cut interest rates quickly.
Will Powell's subpoenas be gone or revived?
“Moron at the Fed”
Trump, during comments to reporters at the White House on Thursday, called Powell a “moron at the Fed.”
That echoed similar past scathing remarks Trump has made about the chair, which Boasberg quoted at length in his decision as evidence that, “In sum, the President spent years essentially asking if no one will rid him of this troublesome Fed Chair.”
Trump also railed on Thursday over the cost overruns of the Federal Reserve building’s renovations, and griped that he was getting sued for demolishing the White House’s East Wing to build a ballroom, while Powell appeared to be escaping legal liability.
Source: CNBC; https://www.cnbc.com/2026/03/26/fed-trump-jerome-powell-subpoenas-doj.html
