Last mentioned: 1d 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.
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.
Investigation Opened
The US Justice Department opens a probe into the Federal Reserve chief's internal communications.
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.