Judge Blocks Subpoenas Against Fed Chair Powell Citing Zero Evidence
A federal judge has blocked subpoenas served to Federal Reserve Chair Jerome Powell, citing that the Justice Department’s efforts to obtain evidence were a pretext for political pressure. The judge found no evidence of criminal wrongdoing by Powell and concluded the subpoenas were issued for an improper purpose, stating that such actions were an attempt to influence interest rate decisions or force resignation. This ruling comes amid ongoing criticism from the administration regarding the Fed’s interest rate policies and follows previous unsuccessful attempts by the U.S. Attorney’s office to pursue high-profile cases. Despite the judge’s decision, the Justice Department intends to appeal, asserting that no one is above the law.
John Q. Hosedrinker