Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Understand the story, not the spin.

Markets

U.S. Attorney Pirro Vows Appeal After Judge Quashes Powell Subpoenas

Published 14 March 2026

U.S. Attorney for the District of Columbia Jeanine Pirro delivered a heated press conference on Friday, sharply criticizing a federal judge's decision to quash subpoenas targeting Federal Reserve Chair Jerome Powell as part of a criminal investigation into the central bank's building renovation project.

The subpoenas, issued by Pirro's office under the Justice Department, sought documents and testimony from Powell amid allegations of misconduct in the renovation. U.S. District Judge James Boasberg ruled that the government had provided no evidence linking Powell to any crime, describing the justifications as thin and unsubstantiated. In his order, Boasberg noted that the probe appeared pretextual, influenced by President Donald Trump's public criticisms of Powell and demands for lower interest rates, which could undermine the Federal Reserve's independence.

Pirro, speaking to reporters outside the federal courthouse in Washington, called Boasberg an activist judge who had improperly inserted himself into the case. She vowed to appeal the ruling, insisting the investigation was legitimate and aimed at uncovering potential wrongdoing. "This is not over," Pirro said, emphasizing...

Now playing
0:00 / 0:00