46 articles
A federal judge has sharply criticized and quashed subpoenas issued by the Trump Justice Department to Federal Reserve Chair Jerome Powell. The judge ruled the investigation was "unfounded" and primarily aimed at "harass[ing] and pressure[ing]" Powell. The decision is seen as a major victory for the independence of the Federal Reserve.
A federal judge has blocked grand jury subpoenas in an investigation into Federal Reserve Chair Jerome Powell and a $1 billion cost overrun on renovations. Prosecutors are calling the decision an "outrageous" move that shields officials from accountability and vow to appeal.
A federal judge has blocked subpoenas against Fed Chair Jerome Powell, citing a lack of evidence and calling the investigation politically motivated. The U.S. Attorney for D.C. responded with a public outburst, which critics labeled a "meltdown."
A federal judge has blocked subpoenas against Federal Reserve Chair Jerome Powell, calling the investigation a "failed attack on Fed independence" with "zero evidence" of a crime. The ruling rebukes the Justice Department's tactics, which the judge suggested aimed to pressure Powell on interest rates.
Federal Reserve Chair Jerome Powell's recent speech at Jackson Hole was misconstrued, leading to widespread misinformation about abandoning the 2% inflation target. The reality is a shift away from average inflation targeting, not a departure from the core goal.
Donald Trump's administration has launched an unprecedented legal assault on Federal Reserve Chair Jerome Powell, serving grand jury subpoenas over alleged renovation cost overruns—a move Powell explicitly called retaliation for the Fed's refusal to set interest rates based on presidential preferences. This marks a radical departure from historical presidential pressures, weaponizing the Department of Justice against the central bank's independence and sending a chilling message about the rule of law and financial stability, both domestically and globally.
