Judge Quashes Justice Dept.’s Subpoenas Targeting Federal Reserve Chair - The New York Times
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Judge blocks Justice Department from compelling Federal Reserve Chair Jerome Powell to testify in investigation.
AI Summary
A federal judge quashed Justice Department subpoenas that targeted Federal Reserve Chair Jerome Powell. The ruling blocks the government's attempt to compel testimony or documents from Powell in what appears to be an ongoing investigation. This decision shields the Fed chair from having to comply with the Justice Department's demands and preserves the central bank's independence from prosecutorial pressure. The specific case or investigation that prompted the subpoenas was not detailed in the available information.
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A federal judge quashed the Justice Department's subpoenas targeting Powell.
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US judge nixes two subpoenas against Federal Reserve chair Jerome Powell - Al Jazeera
US judge quashes subpoenas in Justice Department's probe of Fed chair Powell
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