Court weighs quashing DOJ subpoenas on Fed's headquarter renovations
Source: Politico
02/27/2026 05:04 PM EST Updated: 02/27/2026 07:41 PM EST
The Federal Reserve is battling in court against grand jury subpoenas sent by the Justice Department as part of the DOJ’s investigation into renovations at the Fed’s headquarters, according to a person briefed on the development, the latest chapter in a probe that is pivotal to a fight over the central bank’s future.
Grand jury disputes are typically resolved by the court’s chief judge, in this case James Boasberg. Such fights are usually handled quickly, but it’s unclear if the court has scheduled or held any proceedings at this point. The timing of any resolution will help drive the pace of confirmation for Kevin Warsh, whom President Donald Trump has selected to head the central bank when Chair Jerome Powell’s term ends in May.
Warsh’s candidacy has been delayed over concerns by Sen. Thom Tillis (R-N.C.) about the DOJ’s investigation, which spilled into public view in January when it was disclosed by Powell in an unprecedented video message. The Fed chair argued that the move was motivated by Trump’s desire for lower interest rates, and Tillis has similarly suggested he is worried that the probe is an attempt to undermine the political autonomy of the central bank. Until the DOJ concludes its investigation,
Tillis has said he will not vote to advance any Fed nominees.
Read more: https://www.politico.com/news/2026/02/27/court-weighs-quashing-doj-subpoenas-on-feds-headquarter-renovations-00804873