Jerome Powell subpoenas
Definition
A phrase referring to the grand jury subpoenas issued by the U.S. Department of Justice to Federal Reserve Chair Jerome Powell in January 2026, amid an investigation into matters possibly related to Federal Reserve operations or renovations, which a federal judge quashed on March 13, 2026, blocking their enforcement.
Examples
Just when the markets thought rates were volatile, the Jerome Powell subpoenas added a subpoena-sized drama to the Fed's week.
Jerome Powell subpoenas? More like a subpoena plot hole—quashed before anyone could say 'contempt of court.'
In the grand tradition of bureaucratic ping-pong, the DOJ lobbed Jerome Powell subpoenas, only for the judge to spike them spectacularly.
Wall Street whispered about Jerome Powell subpoenas like it was the next big crypto crash, but the judge hit delete faster than a bad tweet.