US EditionTrump administration asks judge to revisit ruling blocking subpoenas to Fed's Powell
The Trump administration seeks to overturn a ruling that blocked subpoenas in a probe of Federal Reserve Chair Powell, amid claims the investigation was a pretext to pressure him.
- On Monday, lawyers for the Trump administration asked U.S. District Judge James E. Boasberg to reconsider a ruling that blocked a criminal inquiry into Federal Reserve Chair Jerome H. Powell, with court filings made public the same day.
- Boasberg's unsealed Friday order said January grand-jury subpoenas sought records on Federal Reserve renovation cost overruns and Powell's congressional testimony and were blatantly pretextual.
- Prosecutors working with Acting U.S. Attorney Jeanine Pirro argued in a motion filed under seal on Thursday that the judge 'applied an incorrect legal standard' and 'erred with respect to certain significant facts,' while Pirro vowed to appeal and seek reconsideration after the order.
- The ruling clouds Kevin Warsh's later this year nomination, as Republican Senator Thom Tillis of North Carolina said he will not confirm any Fed nominee while appeals court possibilities remain.
- Observers note the dispute threatens Federal Reserve independence and President Donald Trump’s campaign to install a more compliant Fed chair, while legal scholars and economists, including Paul Krugman, warn it risks a major financial crisis.
28 Articles
28 Articles
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Trump’s personal vendetta devolves into 'game of chicken'
What will happen when Federal Reserve Chairman Jerome Powell’s term expires in May is devolving into a game of chicken, Axios contends.Powell’s term ends in less than two months. Yet who will take over — "at a time of elevated inflation, stalled job creation and a war overseas driving energy prices higher — is looking surprisingly uncertain,” the Axios article states.The drama surrounding Powell escalated last week when a federal judge quashed J…
Trump administration asks judge to revisit ruling blocking subpoenas to Fed's Powell
President Donald Trump's administration has asked a judge to reconsider his ruling that has effectively blocked a criminal investigation into U.S. Federal Reserve Chair Jerome Powell, according to court documents made public on Monday.
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