Federal judge dismisses Justice Department subpoenas for Fed Chair Jerome Powell

A federal judge has quashed subpoenas issued by the Justice Department in its investigation of Jerome Powell, the current chairman of the Federal Reserve. The subpoenas were directed at Powell and other officials.

The Justice Department had sought documents from Powell as part of a criminal probe into potential wrongdoing related to his tenure as Fed chair. However, a federal judge has ruled that there is insufficient evidence to justify the issuance of these subpoenas.

According to reports, the Justice Department plans to appeal this decision. The department’s actions have been complicated by the judge’s ruling, which may impact the investigation.

The Federal Reserve and its chairman are subject to oversight from Congress and other government agencies. In some cases, investigations into Fed officials can be complex and contentious.

A spokesperson for the Justice Department has declined to comment on the specifics of the case or the department’s plans for further action.

Source: Google News World