#political-pressure-on-monetary-policy

#political-pressure-on-monetary-policy

Federal Judge James Boasberg halted DOJ subpoenas against Federal Reserve employees, ruling the investigation into cost overruns was politically motivated to pressure Fed Chair Powell into lowering interest rates or resigning.

A federal judge halted the Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell, ruling it was an improper Trump administration campaign to pressure interest rate cuts.