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The U.S. Department of Justice will appeal the Powell case ruling, potentially delaying Warsh's appointment. - CoinFeed
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The U.S. Department of Justice will appeal the Powell case ruling, potentially delaying Warsh's appointment.

March 14, 2026
CoinFeed News

CoinFeed reported on March 14 that, according to Jinshi News, after a judge dismissed subpoenas issued to the Federal Reserve, U.S. Attorney Robert Piro vowed to continue his investigation into Federal Reserve Chairman Jerome Powell, potentially delaying the appointment of his successor, Kevin Warsh, whose term ends in May. U.S. District Judge James Bosberg stated that the government failed to provide any evidence to justify its subpoenas related to the renovation of the Federal Reserve headquarters building and Powell's comments on the project. Piro stated, "This process has been arbitrarily disrupted by a radical judge. The process should have proceeded smoothly, but they didn't. They are disgraceful." Senator Tillis, a member of the Senate Banking Committee, warned that he would block any nomination of a Federal Reserve chairman as long as the Justice Department's investigation into Powell continues.

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