Judge rejects Department of Justice bid to reinstate Powell subpoenas

Judge rejects Department of Justice bid to reinstate Powell subpoenas

A U.S. judge on Friday stood by his decision to quash Department of Justice subpoenas targeting Federal Reserve chair Jerome Powell.Why it matters: The ruling is the latest development in the Trump administration's unprecedented investigation into the nation's top central banker.The government can appeal the decision, prolonging a standoff that could delay the confirmation of Kevin Warsh — President Trump's pick to replace Powell.Driving the news: The U.S. District Court for Washington, D.C., de...

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