"There is abundant evidence that the subpoenas' dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will. On the other side of the scale, the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
"We all know how this is going to end and the D.C. U.S. Attorney's Office should save itself further embarrassment and move on. Appealing the ruling will only delay the confirmation of Kevin Warsh as the next Fed Chair."
A federal judge determined that subpoenas issued against Federal Reserve Chair Jerome Powell were primarily intended to harass and pressure him rather than investigate legitimate criminal activity. The judge found no evidence that Powell committed any crime beyond displeasing the President. The Department of Justice announced plans to appeal this decision, escalating an unprecedented conflict between the government and the Federal Reserve. This legal battle threatens to delay confirmation of Trump's nominee Kevin Warsh as the next Fed Chair. Senator Thom Tillis, a key Republican on the Senate Banking Committee, has stated he will not support Warsh's confirmation unless the DOJ abandons the Powell investigation. The subpoenas originally related to the Federal Reserve's multibillion-dollar building renovation project.
Read at Axios
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