Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC.
Alex Wong | Getty Images News | Getty Images
A federal judge has blocked subpoenas issued to the Federal Reserve as part of a criminal investigation of its chair, Jerome Powell, by the prosecutors in the office of U.S. Attorney for Washington, D.C., Jeanine Pirro, a court filing showed Friday.
Pirro is set to give an update on the probe of Jerome Powell on Friday afternoon.
Pirro’s planned statement comes as Sen. Thom Tillis, R-N.C., has vowed to continue a blockage of President Donald Trump’s nominee to replace Powell, Kevin Warsh, as chair. Tillis has said he will not lift that block until the investigation of Powell is resolved.
Powell has said he learned he was under investigation by Pirro’s office, ostensibly in connection with pricey renovations of the Federal Reserve headquarters, and his testimony to the Senate Banking Committee about that project.
This is breaking news. Please refresh for updates.