Federal Reserve independence
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A federal judge has blocked an effort linked to President Donald Trump to issue grand jury subpoenas targeting Jerome Powell, delivering a significant legal setback in a dispute involving the independence of the nation’s central bank. In a 25-page ruling, the court quashed the subpoenas, concluding that the government failed to show evidence that Powell…
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Several Republican lawmakers have publicly broken ranks with President Donald Trump in response to the Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell. The development reveals deepening concerns both home and abroad over the independence of the U.S. central bank and the rule of law. The controversy stems from a criminal probe…
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