US judge rejects subpoenas for Federal Reserve chair Jerome Powell

A US judge has quashed subpoenas related to an investigation into Federal Reserve Chair Jerome Powell, citing improper harassment tactics by the Trump administration. The subpoenas were part of a campaign to pressure Powell to lower interest rates or resign, with little evidence of any crimes. The judge’s decision was criticized by a Trump-appointed attorney, who plans to appeal. Powell’s tenure is set to expire in May, amid ongoing tensions with the administration over monetary policy.

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