A federal judge quashed the Department of Justice’s attempt to subpoena Federal Reserve Chairman Jerome Powell, saying the effort was part of the Trump administration’s effort to pressure Powell to lower interest rates.
Judge James Boasberg wrote a ruling for the U.S. District Court for the District of Columbia that referenced President Donald Trump’s repeated taunts against the chairman of the United States’ central bank to force Powell into lowering interest rates. Some have complained that Trump is using the DOJ to enact revenge on his political enemies.
