Last mentioned: 2d ago
Anticipated Appeal
The DOJ is expected to file for a stay and appeal the CIT's refund mandate.
Supreme Court Ruling
The U.S. Supreme Court strikes down the use of IEEPA for these specific trade tariffs.
Section 122 Pivot
The administration issues a 10% across-the-board tariff under the Trade Act of 1974.
IEEPA Tariffs Imposed
President Trump levies duties on imports using emergency powers under the IEEPA.
Court Ruling
Judge Boasberg quashes the subpoenas and criticizes the DOJ for a lack of evidence.
CIT Refund Order
The Court of International Trade mandates automatic refunds for IEEPA duties paid.
Fed Motion to Quash
Federal Reserve legal counsel files a motion to block the subpoenas, citing executive privilege.
Subpoenas Issued
DOJ issues subpoenas to Chair Jerome Powell seeking testimony and private communications.
DOJ Probe Initiated
The Department of Justice opens a criminal investigation into Federal Reserve regulatory actions.
A federal judge has blocked Department of Justice subpoenas targeting Federal Reserve Chair Jerome Powell, citing a total lack of supporting evidence for the investigation. The ruling provides a significant legal shield for the central bank's leadership and reinforces institutional independence amid heightened regulatory scrutiny.
U.S. District Judge James Boasberg has quashed Department of Justice subpoenas targeting Federal Reserve Chair Jerome Powell, halting a grand jury investigation led by U.S. Attorney Jeanine Pirro. The ruling characterizes the criminal probe into alleged 'Federal Reserve fraud' as a politically motivated overreach that threatens the central bank's independence.
Global central banks are navigating a complex crisis as geopolitical tensions in the Middle East stall planned rate cuts. While the Federal Reserve secured a major legal victory against a DOJ probe, the ECB and Bank of England face persistent energy-driven inflation and a 'higher-for-longer' interest rate reality.
A federal judge has quashed Department of Justice subpoenas directed at Federal Reserve Chair Jerome Powell, labeling the criminal probe as politically motivated. The ruling reinforces the central bank's operational independence and sharply rebukes the DOJ for failing to provide evidence of wrongdoing.
A federal judge has halted a Department of Justice criminal investigation into the Federal Reserve, quashing subpoenas against Chair Jerome Powell and labeling the probe a politically motivated overreach. The ruling serves as a critical defense of central bank independence amid escalating tensions between the executive branch and the Fed.
The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin automatically refunding duties collected under the International Emergency Economic Powers Act. This landmark ruling follows a Supreme Court decision striking down the tariffs and creates a complex administrative path for importers seeking to recover capital.
Federal authorities have arrested a Florida man for allegedly orchestrating a massive $328 million cryptocurrency Ponzi scheme that defrauded thousands of retail investors. The operation promised high-yield returns through automated trading but instead functioned as a classic fraudulent pyramid.