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A judge blocked DOJ subpoenas for Fed Chair Powell, calling the probe politically driven and a threat to central bank independence.
A federal judge, James Boasberg, blocked Justice Department subpoenas targeting Federal Reserve Chair Jerome Powell, ruling the investigation was politically motivated and lacked credible evidence of criminal wrongdoing.
The probe, stemming from Powell’s testimony on a $2.5 billion Fed headquarters renovation, was deemed a pretext to pressure him into lowering interest rates or resigning.
Boasberg called the government’s justification "thin and unsubstantiated," accusing the DOJ of attempting to undermine the Fed’s independence.
U.S. Attorney Jeanine Pirro, who led the effort, criticized the decision as judicial overreach and vowed to appeal, while the case intensified concerns over political interference in federal institutions.
Un juez bloqueó las citaciones del Departamento de Justicia para el presidente de la Fed, Powell, calificando la investigación como políticamente motivada y una amenaza para la independencia del banco central.