Summary
A U.S. judge blocked the Department of Justice from investigating the Federal Reserve, stating there was no evidence to support the probe. The ruling was seen as a win for Fed chairman Jerome Powell, who argued the investigation was an attempt to pressure the Fed to lower interest rates. U.S. Attorney Jeanine Pirro plans to appeal the decision.
Key Facts
- A judge stopped a Department of Justice investigation into the Federal Reserve.
- The judge said there was no evidence to support the investigation.
- Federal Reserve chairman Jerome Powell claimed the probe was aimed at pressuring the Fed to cut interest rates.
- U.S. Attorney Jeanine Pirro, who initiated the probe, said she will appeal the ruling.
- Pirro accused the judge of undermining the legal process.
- This case has raised concerns about political pressure on the Federal Reserve.
- The Federal Reserve has not commented on the judge's decision.
- Republican senators are skeptical of the investigation's need and some have expressed intentions to block new Fed chair appointments until the issue is resolved.
