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Federal Judge Blocks DOJ Probe into the Fed: Major Setback for Trump in His Longstanding Feud with Jerome Powell
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Federal Judge Blocks DOJ Probe into the Fed: Major Setback for Trump in His Longstanding Feud with Jerome Powell

Washington, March 14, 2026 – In a scathing ruling released Friday, U.S. District Judge James E. Boasberg, chief judge of the U.S. District Court for the District of Columbia, quashed two grand jury subpoenas issued by the Department of Justice (DOJ) against the Board of Governors of the Federal Reserve. The investigation, ostensibly centered on cost overruns in the renovation of the Fed’s headquarters in Washington, was described by the judge as a pure pretext to harass Federal Reserve Chair Jerome Powell and pressure him into cutting interest rates or resigning.

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