Jerome Powell subpoenas

Federal Judge Criticizes DOJ Prosecutions as Politically Motivated

Federal Judge James Boasberg quashed two grand jury subpoenas against Federal Reserve Chairman Jerome Powell, citing ample evidence of harassment and coercion rather than legitimate wrongdoing. The judge found that the subpoenas were intended to pressure Powell into lowering interest rates, pointing to numerous social media posts and statements as proof of improper motive. Despite the government’s claims of legitimate purpose, Boasberg noted prosecutors declined to provide further evidence, highlighting a pattern of questionable investigations within the Justice Department. The US attorney announced an appeal, but the judge’s decision exposed the department’s compromised independence under presidential influence.

Read More

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.

Read More