US EditionJudge blocks subpoenas in criminal probe of Fed Chair Jerome Powell
A federal judge found DOJ subpoenas aimed to pressure Fed Chair Powell on interest rates, citing lack of evidence for criminal wrongdoing, as prosecutors vow to appeal.
- On Friday, Chief Judge James Boasberg in Washington quashed grand jury subpoenas targeting Chairman Jerome Powell, finding the investigation by Attorney Jeanine Pirro lacked factual basis.
- Boasberg concluded the subpoenas served as a pretext to pressure the Federal Reserve to lower interest rates, after President Trump and his deputies made at least 100 public attacks against the Chair.
- In his March 11 ruling unsealed on Friday, Chief Judge Boasberg wrote, "The Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
- Attorney Pirro opened the probe to examine whether Powell gave false testimony to Congress about a building renovation, which the Chair previously described as a campaign to undermine central bank independence.
- Trump repeatedly pressured the Federal Reserve on social media, calling Powell "TOO LATE" and "TOO POLITICAL" while demanding his ouster when interest rate cuts failed to materialize.
298 Articles
298 Articles
Judge Boasberg Blocks the Federal Government Again
U.S. District Judge James Boasberg blocked the federal government’s subpoenas. He said in the newly unsealed ruling that the Justice Department offered “no evidence whatsoever” that Powell committed any crime “other than displeasing” President Donald Trump. “Did prosecutors issue those subpoenas for a proper purpose? The Court finds that they did not,” he said, adding: “There is abundant […] The post Judge Boasberg Blocks the Federal Government …
The Washington Hispanic
On Friday, a federal court overturned the summonses issued by the U.S. Department of Justice (DOJ) against Federal Reserve President Jerome Powell, considering that the investigation of the head of the central bank was politically motivated. District Judge James Boasberg warned in his opinion today that a “mountain of evidence suggests that the government notified these summonses to the Board (of Fed Governors) in order to pressure its president…
A U.S. federal court has invalidated a grand jury subpoena for Federal Reserve Chairman Jerome Powell. The court ruled that the prosecution had not secured enough evidence to bring Powell before a grand jury and that the investigation was politically motivated, aimed at ousting him from his position as Fed chairman. While the targeted investigation, which had central banks around the world on high alert, has been halted for now, the prosecution …
MichaelSavage.com – Judge Throws Out Justice Department Subpoenas to Federal Reserve, Pirro Attacks Decision
A federal judge has quashed two Justice Department subpoenas targeting the Federal Reserve, the Wall Street Journal reported Friday, delivering a significant legal victory to the central bank and a serious setback to the criminal probe that U.S. Attorney Jeanine Pirro had opened into Fed Chair Jerome Powell. U.S. District Judge James Boasberg, whose ruling…
The Billings Gazette
Judge blocks subpoenas for Federal Reserve
WASHINGTON — A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that already attracted strong criticism on Capitol Hill.
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
