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Judge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
A federal judge found DOJ subpoenas aimed to pressure Fed Chair Powell on interest rates, citing lack of evidence for criminal wrongdoing, as prosecutors vow to appeal.
- On Friday, Chief Judge James Boasberg in Washington quashed grand jury subpoenas targeting Chairman Jerome Powell, finding the investigation by Attorney Jeanine Pirro lacked factual basis.
- Boasberg concluded the subpoenas served as a pretext to pressure the Federal Reserve to lower interest rates, after President Trump and his deputies made at least 100 public attacks against the Chair.
- In his March 11 ruling unsealed on Friday, Chief Judge Boasberg wrote, "The Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
- Attorney Pirro opened the probe to examine whether Powell gave false testimony to Congress about a building renovation, which the Chair previously described as a campaign to undermine central bank independence.
- Trump repeatedly pressured the Federal Reserve on social media, calling Powell "TOO LATE" and "TOO POLITICAL" while demanding his ouster when interest rate cuts failed to materialize.
276 Articles
276 Articles
Judge quashes Justice Dept.’s subpoenas targeting Federal Reserve chair
A federal judge in Washington threw a major roadblock into a criminal investigation of Jerome Powell, the Federal Reserve chair, quashing grand jury subpoenas issued to the central bank by federal prosecutors over renovations underway at its headquarters in Washington.
It's another setback for the Trump administration: A federal judge has temporarily halted the judicial investigation against Federal Reserve Chairman Powell. The judge suspects that pressure was being deliberately exerted.
A US federal judge has overturned the US Justice Department's subpoenas in the criminal investigation of US Federal Reserve Chairman Jerome Powell, US media reports. Judge James Boasberg accused the government of political persecution without evidence, and Washington US Attorney Jeanine Pirro announced an appeal.
A federal judge on Friday overturned subpoenas issued by the Justice Department related to the investigation into current Federal Reserve Chairman Jerome Powell, a blow to President Donald Trump's administration.
According to the judge, there was a great deal to suggest that pressure should be put on the head of the central bank by subpoenaing the Ministry of Justice. The government had not provided evidence of a crime.
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