Trending Now - Court Rejects Bid to Reinstate Federal Reserve Subpoenas
WHO:
Al Jazeera - Judge James Boasberg stated that the Trump administration’s arguments “do not come close to convincing the Court” of the subpoenas’ legitimacy.
Bloomberg Markets - The Justice Department is involved in the investigation.
CBS News Politics - A federal judge is involved in the decision regarding the subpoenas.
WHAT:
Al Jazeera - Judge Boasberg published a six-page opinion on March 31st, 2026, rejecting the Department of Justice’s motion to reconsider his earlier ruling.
Al Jazeera - The Trump administration's subpoenas were aimed at Jerome Powell, the chairman of the Federal Reserve.
NY Post - A US district judge denied the Trump administration’s request to reconsider the legality of two subpoenas targeting the Federal Reserve, after previously blocking them in February 2026.
Bloomberg Markets - The Justice Department's bid to continue an investigation into building-renovation cost overruns by the Federal Reserve was denied.
CBS News Politics - A federal judge rejected efforts by the Justice Department to revive two subpoenas served to the Federal Reserve.
WHEN:
CBS News Politics - The federal judge's decision occurred on Friday, March 31st, 2026.
WHY:
Al Jazeera - The subpoenas were issued for an “improper purpose” to pressure Powell into compliance with President Trump’s demands.
Bloomberg Markets - The denial sets the stage for an appeal that could eventually reach the Supreme Court.
HOW:
Al Jazeera - Judge Boasberg ruled that the subpoenas were subject to a legal standard that bars them from being issued for “improper” purposes, emphasizing that the subpoena power “is not unlimited” and may not be abused.
Bloomberg Markets - The Justice Department's investigation was focused on cost overruns related to building renovations at the Federal Reserve.
(UPDATED April 4, 2026 03:48 UTC)
A federal judge has ruled against the Trump administration's subpoenas aimed at Federal Reserve Chairman Jerome Powell, stating they were issued for an "improper purpose" to pressure him into compliance with Trump's demands. Judge James Boasberg published a six-page opinion on Tuesday, rejecting the Department of Justice's motion to reconsider his earlier ruling, emphasizing that the subpoena power is not unlimited and cannot be abused. Boasberg concluded that the administration's arguments did not come close to convincing the court of the subpoenas' legitimacy.
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(UPDATED April 3, 2026 23:08 UTC)
A US district judge has denied Trump’s administration's request to reconsider the legality of two subpoenas aimed at the Federal Reserve. This decision comes after the judge previously blocked these subpoenas back in February 20th26. The ruling was reported by the New York Post at 21:08 UTC.
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(UPDATED April 3, 2026 21:08 UTC)
The Justice Department's attempt to continue its investigation into cost overruns for building renovations at the Federal Reserve was denied by a federal judge on Tuesday. This ruling also rejected efforts to revive two subpoenas that had been served to the Federal Reserve. The denial sets the stage for a potential appeal that could eventually reach the Supreme Court.