Federal Judge Blocks Trump Administration Subpoenas to Federal Reserve Amid Fed Chair Nomination
• A federal judge on March 14, 2026, blocked subpoenas directed at the Federal Reserve by the Justice Department, hitting an institutional guardrail for the Trump administration. • The ruling delays confirmation of Kevin Warsh as next Fed Chair, with Republican Senator Thom Tillis warning of prolonged process; DOJ plans to appeal. • This occurs amid fading confidence in US trade policy and fiscal credibility, maintaining bearish USD views.
bbh.com