All posts tagged: quashes

Federal judge quashes DOJ investigation into Jerome Powell saying it was just for Trump’s retribution

Federal judge quashes DOJ investigation into Jerome Powell saying it was just for Trump’s retribution

A federal judge quashed the Department of Justice’s attempt to subpoena Federal Reserve Chairman Jerome Powell, saying the effort was part of the Trump administration’s effort to pressure Powell to lower interest rates. Judge James Boasberg wrote a ruling for the U.S. District Court for the District of Columbia that referenced President Donald Trump’s repeated taunts against the chairman of the United States’ central bank to force Powell into lowering interest rates. Some have complained that Trump is using the DOJ to enact revenge on his political enemies. The U.S. attorney’s office for Washington had sought to subpoena Powell in relation to roughly $3 billion renovations to the Federal Reserve’s offices. The cost of the project has drawn Trump’s ire, and he has complained about the cost, as well as Powell’s decisions on interest rates. Powell had denied that the renovation had included some of the more extravagant expenses described in media reports. Last year, Trump also visited the construction site, where Powell fact-checked Trump during the visit. “A mountain of evidence suggests that the …