Judicial Victory: Federal Reserve Chair Cleared of Subpoena Allegations
A federal judge has quashed the Justice Department's subpoenas targeting Federal Reserve Chair Jerome Powell, finding no evidence of wrongdoing beyond displeasing the president.
Federal Reserve Chair Jerome Powell has scored a significant victory in a high-profile legal battle, as a federal judge has quashed the Justice Department's subpoenas targeting him. In a scathing ruling, Judge James E. Boasberg found that the government had offered no evidence to suggest that Powell had committed any crime, beyond simply displeasing the president.
The legal dispute stemmed from the Trump administration's efforts to exert greater control over the Federal Reserve, which is meant to operate independently from political influence. The subpoenas sought information and documents related to Powell's communications and decision-making during his tenure as chair.
{{IMAGE_PLACEHOLDER}}Quelle: The New York Times
