Judge orders unsealing of motion to reconsider in government case against Jerome Powell

• A judge quashed two subpoenas against Fed Chair Jerome Powell in a criminal probe.
• The government is filing a motion to reconsider the judge's ruling.
• The legal challenge could extend Powell's term or delay a new nominee's confirmation.

A federal judge ordered the unsealing of a motion to reconsider in a government case against Jerome Powell. This follows a judge blocking subpoenas related to a criminal probe into whether Powell lied to Congress about Fed building renovations. The ongoing legal challenge creates uncertainty regarding Powell's term and the confirmation of any potential successor.