Powell JUST Beat Trump! *Major Case*

Powell JUST Beat Trump! *Major Case*

Summary

~1.0 min read
A US District Court judge has quashed grand jury subpoenas issued by Attorney General Pyro against Jerome Powell and the Federal Reserve Board. Pyro, a Trump appointee, was investigating alleged fraud in the Fed building renovation, claiming it went over budget and could be based on tips or rumors. The judge ruled the subpoenas constituted "mere harassment" and served an "improper purpose." The court cited numerous public statements from Donald Trump and his administration targeting Powell, concluding the investigation was politically motivated to pressure Powell to lower interest rates or resign. Significantly, when the judge offered the government a private opportunity to present evidence justifying the subpoenas, they declined to provide any. Attorney General Pyro expressed anger and plans to appeal the decision, a dispute already impacting congressional confirmations.