Judge quashes grand jury subpoenas of Fed, Jerome Powell in renovations probe
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📌 Key Takeaways
- A judge dismissed grand jury subpoenas targeting the Federal Reserve and Chair Jerome Powell
- The subpoenas were part of an investigation into renovations
- The ruling prevents further legal demands on the Fed and Powell in this probe
- The decision halts the investigation's immediate access to these entities
📖 Full Retelling
A federal judge ruled that Justice Department subpoenas of the Federal Reserve and its chair, Jerome Powell, may not be enforced, according to court filings unsealed Friday. U.S. District Judge James Boasberg quashed two subpoenas served on the Fed’s board of governors that sought records about a $2.5 billion renovation project on which Powell...
🏷️ Themes
Legal Ruling, Federal Investigation
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Original Source
A federal judge ruled that Justice Department subpoenas of the Federal Reserve and its chair, Jerome Powell, may not be enforced, according to court filings unsealed Friday. U.S. District Judge James Boasberg quashed two subpoenas served on the Fed’s board of governors that sought records about a $2.5 billion renovation project on which Powell...
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