From U.S. District Judge James Boasberg's ruling: The case thus asks: Did prosecutors issue those subpoenas for a proper purpose? The Court finds that they did not. There is abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will. On the other side of the scale, the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President. The Court must thus conclude that the asserted justifications for these subpoenas are mere pretexts. It will therefore grant the Board’s Motion to Quash. It will also grant the Board’s Motion to Partially Unseal the Motion to Quash, related briefing, and this Opinion.

Boasberg: "Where Pulte and Trump pointed, the U.S. Attorney’s Office followed. It opened a grand-jury investigation into the renovations and Powell’s testimony and served the two subpoenas at issue here. In sum, the President spent years essentially asking if no one will rid him of this troublesome Fed Chair."