Learn English: Judge Stops Justice Department From Subpoenaing Fed Chair (hard)

1 day, 15 hours ago

Judge Stops Justice Department From Subpoenaing Fed Chair

A judge has blocked the justice department from questioning the Federal Reserve chair.

The investigation was supposedly about renovations at the central bank's building.

Evidence suggests the inquiry aimed to pressure the Fed chair to lower rates.

This action protects the independence of the Federal Reserve from political pressure.

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Source

Original: The Guardian (Business)

Tags

#Federal Reserve #Jerome Powell #Justice Department #Court Ruling #Political Pressure

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