A federal judge tossed out Department of Justice subpoenas sent to Federal Reserve chair Jerome Powell earlier this year, according to a filing unsealed on Friday.
Why it matters: The judge accused the Trump administration of using the criminal investigation to pressure the head of the world's most important central bank to lower interest rates.
- The judge, James Boasberg, the chief judge for the U.S. District Court for Washington, D.C., also scolded the administration for providing "no evidence whatsoever" that the Fed chief had committed a crime.
