Last mentioned: Mar 13, 2026
Legislative Reaction
Congressional leaders weigh in on the implications for Fed independence.
Subpoenas Rejected
Federal judge issues ruling quashing DOJ subpoenas against the Fed Board.
DOJ Appeal Announced
The US Attorney's Office for DC confirms intent to appeal the judge's decision.
Subpoenas Rejected
Federal judge quashes DOJ requests for Fed records, citing lack of evidence.
DOJ Response
The U.S. Attorney's Office for D.C. announces intent to appeal the ruling.
Political Reaction
Republican senators label the investigation a 'failed attack' on the Fed.
A federal judge has quashed Justice Department subpoenas seeking Federal Reserve records, ruling the investigation was a retaliatory strike against Chair Jerome Powell. The decision marks a significant victory for central bank independence as the DOJ prepares an immediate appeal.
A federal judge has rejected Justice Department subpoenas targeting Federal Reserve records, ruling the investigation lacked evidence and appeared to be a retaliatory strike against Chair Jerome Powell. The decision reinforces the central bank's independence amid an escalating legal battle with the US Attorney's Office.