Anonymous21 days ago
A federal judge quashed grand jury subpoenas the Justice Department had issued against Federal Reserve Chair Jerome Powell, ruling the probe was a pretext to pressure Powell into cutting interest rates or resigning. The decision, issued by Chief U.S. District Judge James Boasberg, represents a stinging judicial rebuke of the Trump administration's escalating campaign against the politically independent central bank and has broader implications for Fed independence, the confirmation of Powell's successor Kevin Warsh, and the administration's pattern of investigating perceived political rivals.