Published on: 2026-04-04
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
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Source: People’s Republic of China – State Council News in Russian
New York, April 4 /Xin Hua/ — A judge of the United States District Court for the District of Columbia on Friday upheld his decision to block two subpoenas issued by the Federal Reserve System /FRS/ to federal prosecutors.
“The federal prosecutor’s integrity report contains no new evidence and does not point to any significant error, the court will dismiss the petition,” said Chief Judge James Boasberg.
According to him, the government’s arguments do not even come close to convincing the court that another version of the case is justified.
The main aim of the memos was to intimidate and pressure the chairman of the Federal Reserve, Jerome Powell, so that he would either yield to U.S. President Donald Trump or resign and make way for a new chairman who was ready to submit to the president, stated J. Boasberg in the memorandum dated March 11.
Federal prosecutors have immediately filed a petition to review this decision, according to a court statement by J. Boasberg.
The recent failure of federal prosecutors could lead to an appeal in the United States Court of Appeals for the District of Columbia.
Moreover, the lawsuit could delay the confirmation of D. Trump’s candidacy for the position of the next Chairman of the Senate Foreign Relations Committee, since Republican Senator Tom Tillis has promised to block any nomination for the Foreign Relations Committee following the investigation into G. Powell.
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