March 13, 2026
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12:19Now PlayingBloomberg's June Grasso and Mike McKee are joined alongside Bloomberg Opinion senior executive editor Tim O'Brien to break comments made by US Attorney for the District of Columbia Jeanine Pirro vowing to appeal a federal judge's decision rejecting the subpoena of Federal Reserve officials, including Fed chair Jerome Powell. The subpoenas were related to renovations to the Fed building and Powell's testimony to congress about the project. Pirro's move stands to delay Kevin Warsh's nomination for Fed Chair as lawmakers protest the investigation.
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 said she would appeal the decision.
“This process has been arbitrarily undermined by an activist judge,” Pirro said in a press conference Friday. “The process should have been allowed to run its course, and it wasn’t. And shame on them.”
Pirro’s decision to appeal could result in at least one significant negative outcome for the White House: It will seriously jeopardize President Donald Trump’s ability to replace the Fed chair he has long criticized when Powell’s term at the helm of the central bank ends in May.
Trump has nominated Warsh, a former Fed governor, for the top job at the Fed, but his path to confirmation is blocked by GOP Senator Thom Tillis of North Carolina, who sits on the committee charged with vetting Fed nominees. Tillis, who believes the investigation is politically motivated, has pledged to block Warsh’s confirmation until the probe is resolved.
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