US Justice Department

Company

Last mentioned: 1d ago

Timeline

  1. Court Ruling

    Judge Boasberg quashes the subpoenas, citing political pretext.

  2. Subpoenas Issued

    DOJ issues subpoenas to Jerome Powell for testimony and documents.

  3. DOJ Investigation

    The Justice Department opens a probe into Federal Reserve leadership.

  4. Escalating Rhetoric

    President Trump increases public criticism of Fed interest rate policy.

Stories mentioning US Justice Department 1

Regulation Neutral

Federal Judge Blocks DOJ Subpoenas in Jerome Powell Interest Rate Probe

U.S. District Judge James Boasberg has quashed Justice Department subpoenas targeting Federal Reserve Chair Jerome Powell, citing evidence that the investigation was a pretext to influence monetary policy. The ruling represents a major legal victory for central bank independence amid escalating tensions between the White House and the Fed.

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