DC judge blocks subpoenas against Fed chair Powell amid alleged political pressure

1 min read
Source: Al Jazeera
DC judge blocks subpoenas against Fed chair Powell amid alleged political pressure
Photo: Al Jazeera
TL;DR Summary

A U.S. District Judge in D.C. quashed two grand-jury subpoenas to the Federal Reserve Board, ruling they were issued to harass Powell into complying with the President’s demands or resigning rather than for a legitimate investigation; he ordered the subpoenas unsealed (with redactions); the ruling underscores Fed independence amid Republican-led pressure, while the Justice Department’s attorney Pirro criticized the decision and signaled an appeal.

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