Last mentioned: Mar 19, 2026
Expected Appeal
Anticipated deadline for the DOJ to file an appeal with the Circuit Court of Appeals.
Subpoena Quashed
A federal judge blocks the DOJ's request, citing the need for central bank independence.
Judicial Ruling
A federal judge blocks the subpoenas, halting the DOJ's immediate access to the requested materials.
Final Revision
GDP growth officially downgraded to 0.7%, reflecting a significant loss of momentum.
Court Ruling Issued
A federal judge blocks the probe and blasts the DOJ's motivations as political.
Second Estimate
Growth figures adjusted as more complete data on inventories and trade becomes available.
Fed Files for Injunction
The Federal Reserve legal team files a motion to block the probe, citing executive overreach.
Subpoena Issued
The Justice Department serves a subpoena to the Federal Reserve Board for internal documents.
Motion to Quash
Federal Reserve legal counsel files a motion to block the subpoenas, citing central bank independence.
Advance Estimate
BEA releases initial Q4 GDP estimate showing moderate growth.
DOJ Probe Initiated
The Department of Justice announces a criminal investigation into Federal Reserve procedures.
Subpoenas Issued
The DOJ issues formal subpoenas for a wide range of documents and communications.
Investigation Initiated
DOJ begins a probe into administrative and leadership matters at the Federal Reserve.
Inquiry Initiated
DOJ opens a preliminary inquiry into the Federal Reserve Chair's conduct.
The Federal Reserve maintained its benchmark interest rate at the March meeting, citing 'wartime uncertainty' and the inflationary threat of rising energy costs following an escalation in the Iran conflict. Chair Jerome Powell signaled a cautious approach, as surging oil prices complicate the central bank's path toward its 2% inflation target.
A federal judge has issued a critical ruling blocking subpoenas from the U.S. Department of Justice targeting the Chair of the Federal Reserve. The decision marks a significant victory for central bank independence and sets a major legal precedent regarding executive branch oversight of independent agencies.
A federal judge has blocked a Department of Justice subpoena directed at the Federal Reserve, marking a significant setback for an ongoing investigation into the central bank's leadership. The ruling reinforces the legal protections surrounding the Fed's independence and sets a high bar for executive branch oversight of monetary policy deliberations.
A federal judge has issued a decisive injunction blocking a Department of Justice criminal investigation into the Federal Reserve, characterizing the probe as a politically motivated overreach. The ruling serves as a significant legal shield for central bank independence amid escalating tensions between the executive branch and independent regulators.
The U.S. economy grew at a revised annual rate of just 0.7% in the fourth quarter of 2025, a significant downgrade from initial estimates. This sharp deceleration reflects cooling consumer demand and a drag from net exports, placing the Federal Reserve under intense pressure to pivot toward easing.
U.S. equities saw modest gains on Wednesday as investors positioned themselves ahead of a highly anticipated release from the Strategic Petroleum Reserve. The move is aimed at cooling energy prices, which have weighed on inflation data and consumer sentiment in recent weeks.
A strategic report from SBI Research suggests the United States could eliminate roughly 70% of its budget deficit by revaluing its gold reserves from 1973 levels to current market prices. This potential fiscal maneuver emerges as the West Asia conflict threatens global supply chains and drives a historic central bank pivot from Treasuries to bullion.