Court halts subpoenas of Fed Chair Powell in renovation probe
TL;DR
A federal judge blocked DOJ subpoenas to Federal Reserve Chair Jerome Powell in a probe tied to the renovation of Fed offices, ruling the subpoenas were issued for an improper purpose to pressure Powell over interest-rate decisions; Powell defended Fed independence amid political pressure, as lawmakers react and the Fed prepares its upcoming rate decision.
Topics:top-newsbusiness#boasberg#business#federal-reserve#interest-rates#note-only-5-allowedkeeping-core-tags-as-top5#powell#subpoenas
- Judge blocks subpoenas against Fed Chair Jerome Powell, citing 'essentially zero evidence' NBC News
- DOJ to appeal judge's decision to block Fed subpoenas in Powell criminal probe CNBC
- Court blocks Justice Department subpoenas of Federal Reserve The Washington Post
- Federal judge quashes Justice Department subpoenas of Fed Chair Jerome Powell CNN
- Judge Quashes Justice Dept.’s Subpoenas of Fed, Crippling Its Pursuit of Trump’s Rivals The New York Times
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