Judge quashes subpoenas of Fed chair, says investigation was ‘politically motivated’
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A federal judge quashed Justice Department subpoenas issued to the Federal Reserve in January, ruling the investigation was politically motivated. Judge James Boasberg stated the subpoenas aimed to pressure Fed Chair Jerome Powell to lower interest rates, aligning with President Trump's demands. The investigation, revealed by Powell in January, led Senator Thom Tillis to block Trump's nominee for Fed chair. Boasberg cited "abundant evidence" that the subpoenas' purpose was to harass Powell into complying with the president or resigning. US Attorney Jeanine Pirro, who issued the subpoenas, announced she would appeal the ruling.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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