Judge Rejects Subpoenas of Fed in Powell Case; DOJ to Appeal (3)

US Attorney Jeanine Pirro vowed to continue her investigation of Federal Reserve Chair Jerome Powell after a judge rejected subpoenas issued to the central bank, threatening to delay the confirmation of Kevin Warsh as Powell’s successor.

US District Chief Judge James Boasberg said the government had advanced no evidence to justify the subpoenas — related to renovations of the Fed’s headquarters and Powell’s comments about the project — and said they clearly reflected an “improper motive” of retaliating against Powell over policy differences. Pirro, who leads the US Attorney’s Office for the District of Columbia, called the ruling wrong and ...