Source: Politico
Summary
A federal judge, James Boasberg, has blocked the Justice Department’s attempt to issue grand jury subpoenas to the Federal Reserve Board. The subpoenas were deemed to be a “pretext” to pressure Federal Reserve Chairman Jerome Powell into lowering interest rates or resigning. The judge found that the subpoenas’ primary purpose was to harass and pressure Powell.
Our Reading
As expected, the matter has reached another stage.
The Justice Department sent grand jury subpoenas to the Federal Reserve Board. A federal judge blocked the effort. The judge said the subpoenas were a “pretext” to pressure Jerome Powell. The purpose was to make Powell lower interest rates or resign. The judge found the subpoenas were meant to harass Powell. The scene looks familiar: a government agency tries to influence the Federal Reserve, and a judge steps in to block the attempt.
Author: Evan Null
