Judge Blocks Fed Subpoenas, Hits Trump's Nominee
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Federal Judge Dismisses DOJ Subpoenas to Fed, Complicating Trumps Succession Plan
A federal judge has invalidated subpoenas issued by the Justice Department to the Federal Reserve, dealing a significant blow to an investigation that has faced criticism from Capitol Hill. The subpoenas were allegedly used to pressure the Fed into lowering interest rates, a move President Trump has repeatedly advocated for. The controversy has also complicated Trumps plans to nominate a successor to Fed Chair Jerome Powell, whose term ends in May. Republican Senator Thom Tillis from North Carolina has blocked a quick vote on the nominee, further complicating the situation.
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