DOJ to appeal judge’s decision to block Fed subpoenas in Powell criminal probe

• A federal judge in a scathing ruling blocked subpoenas issued by a grand jury to the Federal Reserve as part of a criminal investigation of Chair Jerome Powell.
• U.S. Attorney for the District of Columbia Jeanine Pirro immediately said the Department of Justice would appeal what she called the “outrageous” ruling.
• The moves likely will keep Powell in the chairman’s seat longer because Sen. Thom Tillis, R-N.C., has vowed to block Kevin Warsh’s confirmation to succeed Powell until the federal investigation ends.
• That may mean interest rates remain higher than President Donald Trump wants for longer because Powell has refused to bend to the president’s demands to lower them further.

https://www.cnbc.com/2026/03/13/fed-jerome-powell-investigation-trump-pirro-doj.html