Last mentioned: 23h ago
Judge Blocks Subpoenas
A federal judge rules in favor of the Fed, blocking the DOJ's subpoenas and halting the immediate collection of evidence.
Court Ruling
Judge James Boasberg quashes the subpoenas, citing political pressure as the primary motivation for the probe.
Subpoenas Issued
The DOJ issues formal subpoenas to Jerome Powell seeking internal documents and communications.
Fed Files Motion
The Federal Reserve files a legal motion to block the subpoenas, citing executive privilege and institutional independence.
Subpoenas Issued
DOJ issues formal subpoenas for documents related to Fed policy decisions and potential conflicts of interest.
DOJ Probe Initiated
The Department of Justice begins an investigation into Federal Reserve leadership following public criticism from the White House.
Investigation Opened
The US Justice Department opens a probe into the Federal Reserve chief's internal communications.
US District Judge James Boasberg quashed Department of Justice subpoenas targeting Federal Reserve Chair Jerome Powell, citing evidence that the probe was an attempt to exert political pressure on monetary policy. The ruling marks a significant legal setback for the Trump administration's efforts to influence central bank independence.
A federal judge has halted the US Justice Department's attempt to subpoena records from the Federal Reserve chief, citing the critical importance of central bank independence. The ruling provides a significant legal shield for the Fed as it faces unprecedented scrutiny from the executive branch.