Court blocks subpoenas against Federal Reserve Chair Powell

A US federal judge has blocked subpoenas issued by the Justice Department in its investigation into Federal Reserve Chair Jerome Powell’s management of renovations at the Fed’s headquarters. Chief US District Judge James Boasberg ruled that the subpoenas were improperly issued, stating there was no evidence of criminal activity by Powell, and suggested the investigation was politically motivated. US Attorney Jeanine Pirro plans to appeal the decision, arguing it undermines the grand jury’s investigative power.

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