A federal judge blocked subpoenas served to Federal Reserve Chair Jerome Powell, saying the Justice Department presented ...
The judge agreed, saying a "mountain of evidence" suggests the investigation was to pressure the Fed chair to lower rates or resign.
A federal judge on Friday said ​he was blocking subpoenas that ‌the Justice Department served to Federal Reserve Chair Jerome Powell in a ​probe purported to be ​about the management of the central ...
The president has pushed for Powell's removal for months.
The Dow Jones index faded Friday after surprise inflation and GDP data. Adobe stock plunged on earnings.
U.S. District Judge James Boasberg cited lack of evidence against central bank chief Jerome H. Powell and suggested the subpoenas aimed to pressure him.