statement<\/a> Announcing that he was under Justice Department investigation over the renovation project. He dismissed the investigation as an “excuse” to weaken the Federal Reserve’s leadership on monetary policy.<\/p>\n“The threat of criminal charges is the result of the Federal Reserve setting interest rates based on our best assessment of serving the public rather than following the President’s preferences,” Powell said.<\/p>\n
The Federal Reserve has since sought to issue a subpoena regarding Powell’s behavior.<\/p>\n
Boasberg sided with the central bank in his initial decision, and in Friday’s opinion he criticized the Trump administration’s efforts to change its mind as inadequate.<\/p>\n
The Justice Department had argued that it did not need to produce evidence of a crime to seek a grand jury subpoena.<\/p>\n
Boasberg agreed with that point, but added that the subpoenas were also subject to a legal standard that prevents them from being issued for “improper” purposes.<\/p>\n
“The subpoena power is ‘not unlimited’ and cannot be abused,” Boasberg wrote, citing court precedent.<\/p>\n
He therefore ruled that the overall lack of evidence against Powell was relevant to the validity of the subpoena.<\/p>\n
Boasberg said, “The controlling legal question is what is the primary purpose of these ‘subpoenas’: to pressure Powell to lower rates or resign, or to launch a legitimate investigation because the facts suggested wrongdoing.”<\/p>\n
“Resolving that question requires examining whether the government’s claimed basis for the subpoena \u2013 suspicion of fraud and lying to Congress \u2013 is colorable or tenuous. In turn, that inquiry means asking how much evidence there is to support the government’s claims.”<\/p>\n
Boasberg underlined that he has seen no suggestion that Powell has committed criminal wrongdoing and pointed to the long list of statements by Trump attacking the Federal Reserve chairman that suggest an ulterior motive.<\/p>\n
He concluded, “The government’s fundamental problem is that it has presented no evidence of fraud.”<\/p>\n
Friday’s decision is likely to set the stage for the Trump administration to appeal. US Attorney Jeanine Pirro has previously denied any political motivation for the investigation.<\/p>\n
He also claimed that Boasberg is “without legal authority” to quash the subpoena.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
A United States federal judge has once again rejected a subpoena from President Donald Trump’s administration seeking information about Jerome Powell, Chairman of the Federal Reserve, the country’s central bank. In short, six pages Opinion Published on Friday, Judge James Boasberg rejected the Justice Department’s motion to reconsider his earlier decision rejecting the subpoenas. Recommended<\/p>\n","protected":false},"author":1,"featured_media":39036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[788,1776,1571,2406,15566,497,615,3080,6925,4437,548,1775],"class_list":{"0":"post-39034","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bible-news","8":"tag-chairman","9":"tag-decision","10":"tag-donald","11":"tag-fed","12":"tag-jerome","13":"tag-judge","14":"tag-news","15":"tag-powell","16":"tag-send","17":"tag-summons","18":"tag-trump","19":"tag-upheld"},"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/39034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=39034"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/39034\/revisions"}],"predecessor-version":[{"id":39037,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/39034\/revisions\/39037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/39036"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=39034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=39034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=39034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}