BREAKING: Judge rules on DOJ subpoenas targeting Fed and Powell

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From The HillA federal judge ruled that Justice Department subpoenas of the Federal Reserve and its chair, Jerome Powell, may not be enforced, according to court filings unsealed Friday.

U.S. District Judge James Boasberg quashed two subpoenas served on the Fed’s board of governors that sought records about a $2.5 billion renovation project on which Powell testified before Congress.

The judge, who has come under President Trump’s fire before, pointed to “abundant evidence” that the subpoenas were part of a pressure campaign against Powell.


“The President spent years essentially asking if no one will rid him of this troublesome Fed Chair. He then suggested a specific line of investigation into him, which had been proposed by a political appointee with no role in law enforcement, who hinted that it could be a way to remove Powell. The President’s appointed prosecutor promptly complied..” Boasberg wrote.

“The case thus asks: Did prosecutors issue those subpoenas for a proper purpose?” Boasberg asked. “The Court finds that they did not.

“There is abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will,” he said.

Read more at The Hill

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