US EditionJudge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
Judge Boasberg ruled subpoenas aimed to pressure Fed Chair Powell to cut rates, citing lack of evidence for criminal conduct amid Justice Department probe.
- 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.
245 Articles
245 Articles
According to the judge, there was a great deal to suggest that pressure should be put on the head of the central bank by subpoenaing the Ministry of Justice. The government had not provided evidence of a crime.
Judge: 'Zero Evidence' of a Crime by Powell
A federal judge in Washington has dealt a serious setback to the Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell. In a ruling unsealed Friday, US District Judge James Boasberg tossed out two subpoenas the DOJ had sent to the Fed, the Wall Street Journal reports. The judge...
News Wrap: Federal judge blocks subpoenas in Powell probe
In our news wrap Friday, a federal judge blocked a set of Justice Department subpoenas related to its investigation of Federal Reserve Chair Jerome Powell, federal prosecutors charged a man who they believe sold the weapon used in a shooting at Old Dominion University and TSA workers missed their first full paychecks amid the ongoing shutdown of the Department of Homeland Security.
US: Judge quashes subpoenas in DoJ's Federal Reserve case
A federal judge called the government case "improper" and designed to force Federal Reserve Chair Jerome Powell to cut interest rates or resign. President Trump has railed against him since returning to the White House.
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