US judge upholds block on subpoenas to Fed's Powell, teeing up likely appeal - Reuters
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A U.S. judge has upheld a block on subpoenas seeking testimony from Federal Reserve Chair Jerome Powell, a decision that is expected to trigger an appeal. The ruling protects Powell from being compelled to testify in what appears to be litigation or a congressional inquiry, citing executive privilege or separation-of-powers concerns that shield the Fed chair's communications. The decision reflects ongoing tension between branches of government over access to central bank leadership during a period of significant economic policy scrutiny. The likely appeal suggests this dispute will escalate, potentially landing before a higher court to resolve whether Powell can be forced to provide testimony. The outcome will establish precedent for the extent to which Fed leadership can claim immunity from legal compulsion to testify.
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