A federal judge dismissed grand jury subpoenas targeting Federal Reserve Chair Jerome Powell, ruling they were intended to pressure him rather than investigate legitimate criminal conduct. The investigation, led by U.S. Attorney Jeanine Pirro, focused on Powell’s testimony about a costly Federal Reserve renovation project but was criticized as politically motivated, especially given President Trump’s public attacks on Powell for resisting interest rate cuts. The ruling blocks the subpoenas, prompting plans for an appeal from the Justice Department, while some lawmakers welcomed the decision as a check on a weak investigation.