U.S. Department of Justice

Company

Last mentioned: 2d ago

Timeline

  1. Market Reaction

    Investors monitor bond yields for signs of instability following the legal clash.

  2. Subpoenas Blocked

    A federal judge halts DOJ attempts to seize Fed records related to Powell.

  3. Powell Acknowledgment

    Fed Chair Jerome Powell confirms he is under investigation for renovation comments.

Stories mentioning U.S. Department of Justice 1

Financial Regulation Bearish

Judge Blocks DOJ Subpoenas in Criminal Probe of Fed Chair Jerome Powell

A federal judge has intervened to halt Department of Justice subpoenas directed at the Federal Reserve regarding a criminal investigation into Chair Jerome Powell. The probe centers on Powell's statements concerning costly renovations at the central bank's headquarters, highlighting an escalating conflict between the administration and the Fed.

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