Judge tosses DOJ subpoenas targeting Powell, citing political pressure on the Fed
TL;DR Summary
A federal judge dismissed DOJ subpoenas aimed at Federal Reserve Chair Jerome Powell, saying the move appeared to harass and pressure Powell to ease policy and produced no evidence of criminal wrongdoing; the DOJ plans to appeal, potentially delaying the nomination of Kevin Warsh to lead the Fed as Powell’s term ends in May and concerns over the Fed’s independence persist.
- Subpoenas against Fed chair Powell tossed in a scathing opinion Axios
- DOJ to appeal judge's decision to block Fed subpoenas in Powell criminal probe CNBC
- Trump Administration Live Updates: Judge Blocks Subpoenas in Powell Investigation The New York Times
- Judge throws out subpoenas in Federal Reserve criminal probe Yahoo Finance
- Court blocks probe of Fed Chair Jerome Powell, DOJ to appeal Politico
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