Judge Dismisses Fed Subpoenas, Trump's Rate Sway Plan Faces Hurdles

Federal Judge Dismisses Subpoenas Targeting Fed Chair Powell, Citing Political Pressure and Lack of Evidence: A federal judge in Washington has dismissed two grand jury subpoenas targeting Federal Reserve Board Chair Jerome Powell, ruling they were merely a means to harass him into cutting interest rates or resigning. The decision, made on March 11th but unsealed on Friday, came after Powell revealed the subpoenas in January, linked to a criminal probe led by U.S. Attorney Jeanine Pirros office. The judge criticized over a hundred public attacks from President Trump and his team, accusing Powell of being too late, too angry, and too political. Republicans, including Senators Thom Tillis and Tim Scott, have spoken out against the probe, calling it frivolous and a threat to the Feds independence. Pirro has vowed to appeal, accusing Powell of dodging contact and rallying support. The subpoenas focused on alleged fraud and false statements from Powells Senate testimony last June. Powells term ends in May, complicating Trumps plans for more control over rates, as the Feds rate-setting committee includes regional presidents Trump cant directly influence. Trump is also targeting board member Lisa Cook over mortgage issues, with the Supreme Court now reviewing her firing.

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