Last mentioned: 23h ago
Pressure Campaign Begins
President Trump begins a public campaign for lower interest rates and Powell's resignation.
Subpoenas Issued
U.S. Attorney Jeanine Pirro's office issues two grand jury subpoenas to the Federal Reserve Board.
Term Expiration
Jerome Powell's tenure as Chair of the Federal Reserve is set to expire.
Court Ruling
Judge Boasberg quashes the subpoenas and criticizes the DOJ for a lack of evidence.
Court Ruling
Judge James Boasberg quashes the subpoenas, citing political pressure as the primary motivation for the probe.
Subpoenas Quashed
Judge Boasberg issues a 27-page decision granting the motion to quash the subpoenas.
Appeal Announced
Jeanine Pirro holds a press conference calling the ruling unauthorized and vowing a swift appeal.
Subpoenas Issued
The DOJ issues formal subpoenas to Jerome Powell seeking internal documents and communications.
Fed Motion to Quash
Federal Reserve legal counsel files a motion to block the subpoenas, citing executive privilege.
DOJ Probe Initiated
The Department of Justice begins an investigation into Federal Reserve leadership following public criticism from the White House.
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.
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 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.
A U.S. District Judge has quashed two subpoenas targeting Federal Reserve Chair Jerome Powell, ruling they were issued for the 'improper purpose' of harassing him into lowering interest rates. The decision marks a significant legal victory for central bank independence amid an escalating conflict between the Fed and the Trump administration.