March 24, 2026
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Court Quashes Trump's Subpoenas Against Powell: "No Crime Other Than Displeasing the President" - Judge Slams Trump's Fed Subpoenas as Harassment
A federal judge unsealed a scathing 27-page ruling against the Trump administration's effort to use the criminal justice system to pressure Federal Reserve Chair Jerome Powell. Judge James Boasberg found the subpoenas issued against Powell served no legitimate legal purpose, concluding the government presented no evidence Powell committed any crime beyond refusing to lower interest rates at the president's demand.
The ruling zeroed in on what the court called an improper purpose: using the power of federal subpoenas to harass and coerce an independent government official into either yielding to White House pressure or stepping aside for a more compliant Fed chair. The motion to quash was granted.
This comes as the Federal Reserve announced it is holding interest rates steady, citing ongoing inflation concerns and an unsettled global economic outlook. The decision reflects the Fed's independence in action, the very independence the Trump administration has been working to undermine.
The Powell ruling is part of a broader pattern. Courts across the country have pushed back against what judges are increasingly characterizing as attempts to replace the rule of law with executive fiat. Lisa Cook, a Fed Board of Governors member also targeted by the White House, has a related case currently pending before the United States Supreme Court. The limits of presidential power are being tested in real time, and federal courts are drawing lines.
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