US Court Dismisses DOJ Subpoenas to Federal Reserve Over Interest Rate Pressure Claims

A US judge has ruled against the Department of Justice's subpoenas directed at the Federal Reserve, stating that the evidence presented was 'thin'.

The subpoenas were part of an investigation into alleged attempts by former President Donald Trump's administration to influence Fed Chair Jay Powell's decisions on interest rates.

This ruling has implications for the relationship between government entities and the Federal Reserve, particularly concerning the autonomy of monetary policy.