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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.
287 Articles
287 Articles
The Billings Gazette
Judge blocks subpoenas for Federal Reserve
WASHINGTON — A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that already attracted strong criticism on Capitol Hill.
MichaelSavage.com – Judge Throws Out Justice Department Subpoenas to Federal Reserve, Pirro Attacks Decision
A federal judge has quashed two Justice Department subpoenas targeting the Federal Reserve, the Wall Street Journal reported Friday, delivering a significant legal victory to the central bank and a serious setback to the criminal probe that U.S. Attorney Jeanine Pirro had opened into Fed Chair Jerome Powell. U.S. District Judge James Boasberg, whose ruling…
“President Boasberg” Protects Powell, Quashes DOJ “Pressure Campaign” Subpoena Over Fed Renovation
(ZeroHedge)—Another day, another activist judge deciding they’re the president… On Friday, chief Judge James Boasberg of the U.S. District Court for the District of Columbia has blocked subpoenas issued by the Trump Justice Department to Federal Reserve Chair Jerome Powell and the Fed Board of Governor Boasberg claims that the subpoenas were served for an improper, pretextual purpose, and that “a mountain of evidence suggests that the Government…
Hawaii Tribune-Herald
West Hawaii TodayJudge 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.
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