Court Blocks Subpoenas Tied to Criminal Probe of Fed Chair Jerome Powell

The court ruling comes as Powell’s term winds down.

Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times

A federal judge blocked subpoenas issued to the Federal Reserve as part of a criminal investigation of Chair Jerome Powell.

In a March 13 ruling, Judge James Boasberg found that the subpoenas were intended to “harass and pressure” the central bank chief into lowering interest rates or to drive him from office so a more compliant successor could be installed.