US attorney plans to appeal judge's ruling blocking subpoenas into Fed renovations, keeping pressure on Powell.

U.S. Attorney Jeanine Pirro is set to appeal a judge's decision that blocked her subpoenas into the Federal Reserve's costly building renovations. Although she has paused her criminal investigation into Fed Chair Jerome Powell, the appeal could extend the legal pressure on him and influence how long Powell remains on the Fed board after his chairmanship ends. This legal battle highlights ongoing tensions between the Justice Department and the Fed, with potential market implications depending on the outcome. Powell plans to stay on the Fed board and monitor developments closely while the appeal proceeds.