Federal Judge Halts Subpoenas Against Fed Chair Jerome Powell in Grand Jury Probe
A federal judge blocked a pair of grand jury subpoenas from the Justice Department targeting Fed Chair Jerome Powell as a 'pretext' to gather information. The subpoenas were aimed at the Federal Reserve Board's actions regarding Federal Reserve officials' testimony during the January 6th committee investigation.
A federal judge blocked two grand jury subpoenas issued by the Justice Department against the Federal Reserve Board, ruling that they were a 'pretext' to pressure Federal Reserve Chair Jerome Powell and are therefore invalid. The subpoenas were sent in connection with an ongoing investigation into potential wrongdoing at the Fed. The move was part of a broader effort to scrutinize the central bank's actions under Chairman Powell's leadership.
