No, all the Judge did was quash 2 subpoenas that were directed to the Fed Board. He did not shut down the GJ. And, while somewhat rare, GJ subpoenas can be quashed for several different reason, which seemingly includes, “improper purpose.” The Board, not Powell, asked for relief. Usually there would be negotiation between the Gov’t and the receiving party if the subpoena is too “broad” and there would be an agreement as to what would be provided. Here each party decided to litigate. Boasberg used years of Trump’s statements about the Board and Powell as evidence of prosecutorial bad intent/improper purpose and, also, the Government couldn’t describe the “crime” of an individual board member likely acting in accordance to his duties as to a “crime” and so the subpoena quash.
The opinion could be overturned by an appeals court as there is some uniqueness to the case, misapplication of law/fact, and first impression to this Circuit, but Powell’s term could be over by then so aspects of the appeal would be moot if they are “really” seeking his removal. The idea of using prosecutorial power and court proceedings against independent agency heads would be a different matter.
FED has done a horrible job of protecting the dollar. Dollar gas depreciated 90% since FED was created. FED serves no useful purpose except create money out of ether.