Federal Reserve Chair Jerome Powell faces no federal charges following U.S. District Judge James Boasberg's March rulings quashing DOJ subpoenas in a probe over his congressional testimony on the central bank's $2.5 billion headquarters renovation, citing "essentially zero evidence" of crime and deeming it a pretext to pressure Powell amid tensions with the Trump administration over interest rates. Prosecutors conceded lack of criminal evidence, and no grand jury indictment has emerged despite an appeal threat. With the June 30 deadline approaching and Powell's term ending in May, traders reflect near-certain consensus on non-occurrence, though a successful DOJ appeal, fresh evidence, or new investigation could theoretically shift odds. Senate Majority Leader Thune recently urged wrapping up the stalled matter.