Judge rejects Department of Justice bid to reinstate Powell subpoenas - Axios
Why it matters: The Department of Justice cannot compel testimony or documents from the Federal Reserve or Jerome Powell in its current investigation.
- A U.S. judge denied the Department of Justice's (DOJ) motion to revive grand jury subpoenas against the Federal Reserve and Jerome Powell (Axios, Politico, The Hill, Bloomberg).
- The DOJ's bid aimed to reinstate subpoenas that had been previously quashed, seeking testimony or documents from the Fed (Politico, The Hill).
- The ruling prevents the government from compelling the Fed or its chair to provide information for an ongoing investigation (Bloomberg).
A U.S. judge has rejected the Department of Justice's attempt to reinstate grand jury subpoenas targeting the Federal Reserve and its Chair, Jerome Powell, a decision affirmed across Axios, Politico, The Hill, and Bloomberg. This ruling prevents the DOJ from compelling testimony or documents from the Fed regarding an unspecified matter, effectively shutting down the government's bid to revive previously quashed subpoenas.
