Judge says 'no evidence' to justify Federal Reserve probe
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A US judge blocked a Department of Justice investigation into the Federal Reserve, siding with Fed Chairman Jerome Powell, who claimed the probe was politically motivated to pressure the bank to lower interest rates. Judge James Boasberg stated that prosecutor Jeanine Pirro presented "no evidence" to justify her demands for information. Pirro, a Trump ally and US attorney for the District of Columbia, issued subpoenas in January regarding cost overruns at Fed office renovations after her inquiries were ignored. Powell accused the Trump administration of launching the probe to influence interest rates. Boasberg concluded the subpoenas were issued to harass Powell into complying with President Trump's demands or to force his resignation, while the government provided no evidence of wrongdoing by Powell. Pirro intends to appeal the decision, criticizing it as undermining her ability to investigate crime.
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