A significant judicial decision has been issued in the investigation into the FED and Chairman Jerome Powell at #GateSquareAprilPostingChallenge ABD. The federal court in Washington explicitly rejected the Department of Justice’s attempt to reinstate grand jury subpoenas targeting the FED.

U.S. District Judge James Boasberg stated in his ruling today that the government’s reasons for reconsidering the previous decision were “unpersuasive.” The court had previously canceled two subpoenas that requested documents related to the FED’s board of governors and a nearly $2.5 billion headquarters renovation project.
In his decision, Boasberg noted that there is “ample evidence” suggesting the subpoenas aim to pressure Powell rather than serve a legitimate criminal investigation. The judge stated, “The authority based on subpoenas is not unlimited and cannot be abused.”
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