Money
Briefing: Federal Reserve urges judge to deny bid to revive Jerome Powell probe subpoenas
Strategic angle: President Trump criticizes Fed Chair Jerome Powell, calling him a 'moron' over interest rates.
editorial-staff
1 min read
Updated 15 days ago
On March 26, 2026, the Federal Reserve submitted a motion urging a judge to deny a bid aimed at reviving subpoenas connected to its Chair, Jerome Powell.
This legal maneuver comes in the wake of President Trump's public criticism of Powell, where he labeled the Fed Chair as a 'moron' and expressed discontent over the current interest rate levels.
The implications of this legal action could affect the operational integrity of the Federal Reserve and its leadership, particularly in the context of ongoing monetary policy debates.