Judge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
u/gigaCHADjeromePOWELL ·
Reddit — r/StockMarket
· March 13, 2026 at 19:21
· ⬆ 230 pts
· 💬 19 comments
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Summary
The post shares a news update about a judge blocking subpoenas in a criminal probe targeting Federal Reserve Chair Jerome Powell.
The author's thesis is not explicitly stated, but the post highlights the judge's finding that the probe was politically motivated to pressure the Fed into lowering interest rates. The implication is that this removes a source of political pressure on the Fed, allowing it to maintain its current monetary policy stance.
Quality assessment: This is a news report, not original due diligence (DD). It reports on a specific legal and political event with potential market implications.
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From a different article: https://www.nbcnews.com/business/economy/powell-subpoenas-blocked-trump-probe-rcna263401
>"A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," Judge James Boasberg, the chief judge on the U.S. District Court for Washington, D.C., wrote in a court filing.
>Boasberg continued: "On the other side of the scale, the Government has produced essentially zero evidence to suspect Chair Powell of a crime; indeed, its justifications are so thin and unsubstantiated that the Court can only conclude that they are pretextual."
>"The Court therefore finds that the subpoenas were issued for an improper purpose and will quash them," the order states.