Judge blocks DOJ subpoenas to Federal Reserve, calling motives pretextual

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Source: Financial Times
Judge blocks DOJ subpoenas to Federal Reserve, calling motives pretextual
Photo: Financial Times
TL;DR Summary

A US judge blocked the DOJ’s subpoenas to the Federal Reserve in the Powell investigation, ruling the subpoenas were primarily meant to pressure Powell to yield on rate cuts and lacked substantive evidence, effectively halting part of the probe and underscoring Fed independence.

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