US judge nixes two subpoenas against Federal Reserve chair Jerome Powell
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A federal judge blocked Justice Department subpoenas against Fed Chair Powell for lack of evidence.
How This Affects You
Your mortgage rates and borrowing costs could remain more stable if the Fed stays independent from political pressure.
AI Summary
U.S. District Judge James Boasberg blocked two subpoenas against Federal Reserve Chair Jerome Powell, ruling that Trump administration prosecutors provided "essentially zero evidence" to justify them. The judge's decision effectively shields Powell from having to comply with the subpoenas in what appears to be an ongoing legal matter. The ruling represents a significant legal setback for the Justice Department's case, though the specific charges or investigation involved were not detailed in the available information.
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US judge nixes two subpoenas against Federal Reserve chair Jerome Powell - Al Jazeera
Judge Quashes Justice Dept.’s Subpoenas Targeting Federal Reserve Chair - The New York Times
US judge quashes subpoenas in Justice Department's probe of Fed chair Powell
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