Federal Judge Dismisses Subpoenas Against Federal Reserve Chairman Jerome Powell

Federal Judge Tosses Subpoenas Against Fed Chair Jerome Powell

A federal judge has ruled to quash two subpoenas issued by the Justice Department in connection with a criminal investigation involving Federal Reserve Chairman Jerome Powell. The decision was made on [date] and affects the probe into potential wrongdoing at the Fed.

According to reports, the subpoenas were sent to Powell as part of an ongoing investigation into alleged misconduct within the Federal Reserve. However, a federal judge has now blocked the issuance of these subpoenas, citing concerns over their constitutionality.

The Justice Department has announced its intention to appeal the judge’s decision, stating that they will continue to pursue the investigation despite the setback.

Powell was not present in court for the hearing and did not comment on the ruling. The Federal Reserve has declined to comment on the matter as well.

The investigation into Powell is ongoing, with no further details available at this time.

Source: Google News World