BlockBeats news, on April 4, James Boasberg, the chief U.S. district judge for the District of Columbia, dismissed the Justice Department’s request to reconsider the ruling in the Powell criminal case. His previous ruling had blocked a subpoena issued in connection with the criminal investigation involving Powell.
In his March 13 ruling, Boasberg noted that the subpoena issued to the Federal Reserve Board last January was issued for improper purposes, aimed at forcing Powell to agree to Trump’s demands for rapid interest rate cuts or resignation. The subpoena to Powell was issued by Janine Pirro, the chief federal prosecutor for Washington D.C. and a staunch supporter of Trump. Pirro has pledged to continue the investigation and stated that her office is prepared to appeal to the U.S. Court of Appeals for the District of Columbia Circuit.
According to sources, senior officials at the Justice Department support this appeal decision. The appeal could delay the confirmation of Kevin Warsh’s nomination as Federal Reserve Chair. U.S. Senator Tom Tillis, a Republican member of the Senate Banking Committee who has criticized the investigation into Powell, vowed to continue blocking Warsh’s nomination while the appeal process is underway. (Jin10)
