Federal Reserve Board

Company

Last mentioned: 2d ago

Timeline

  1. Legislative Reaction

    Congressional leaders weigh in on the implications for Fed independence.

  2. Subpoenas Rejected

    Federal judge issues ruling quashing DOJ subpoenas against the Fed Board.

  3. DOJ Appeal Announced

    The US Attorney's Office for DC confirms intent to appeal the judge's decision.

Stories mentioning Federal Reserve Board 1

Regulation Neutral

Judge Quashes DOJ Subpoenas of Fed Board, Citing 'Improper Motive'

A federal judge has rejected Justice Department subpoenas targeting Federal Reserve records, ruling the investigation lacked evidence and appeared to be a retaliatory strike against Chair Jerome Powell. The decision reinforces the central bank's independence amid an escalating legal battle with the US Attorney's Office.

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