Judge Tosses DOJ Subpoenas Aimed at Powell, Citing Pretext
TL;DR Summary
U.S. District Judge James Boasberg tossed two DOJ subpoenas served on the Federal Reserve Board in the criminal probe of Fed Chair Jerome Powell, saying the government acted with an improper, pretextual motive to pressure Powell to lower rates or resign. The subpoenas sought records on renovations to the Fed’s DC buildings and Powell’s June Senate testimony about them; US Attorney Pirro intends to appeal. The ruling grants Powell immunity from the investigation for now, while politics around his successor—Kevin Warsh—continue, with Sen. Tillis opposing Warsh’s confirmation until the inquiry ends, and Powell’s term ending in May.
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- DOJ to appeal judge's decision to block Fed subpoenas in Powell criminal probe CNBC
- Judge throws out subpoenas in Federal Reserve criminal probe Yahoo Finance
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