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US Fed gets government subpoenas over Powell shut down in court

( March 13, 2026, 20:58 GMT | Official Statement) -- MLex Summary: US District Judge James E. Boasberg agreed to quash two federal subpoenas against the Federal Reserve Board in connection with an investigation of Chair Jerome Powell, concluding that they were served for an improper purpose. “A mountain of evidence suggests that the government served these subpoenas on the board to pressure its chair into voting for lower interest rates or resigning. On the other side of the scale, the government has produced essentially zero evidence to suspect Chair Powell of a crime; indeed, its justifications are so thin and unsubstantiated that the court can only conclude that they are pretextual,” Boasberg said in an opinion recently made public. See attached file. ...

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