Money
Briefing: US judge throws out justice department subpoenas to Fed, citing ‘thin’ evidence
Strategic angle: Court says Donald Trump’s DoJ was seeking to ‘pressure’ chair Jay Powell to cut interest rates
editorial-staff
1 min read
Updated 29 days ago
A US judge has ruled against the Department of Justice's subpoenas directed at the Federal Reserve, stating that the evidence presented was 'thin'.
The subpoenas were part of an investigation into alleged attempts by former President Donald Trump's administration to influence Fed Chair Jay Powell's decisions on interest rates.
This ruling has implications for the relationship between government entities and the Federal Reserve, particularly concerning the autonomy of monetary policy.