Judge blocks subpoenas against Fed Chair Powell citing 'essentially zero evidence'

• Federal judge quashed subpoenas against Fed Chair Powell, citing 'essentially zero evidence' of a crime.
• The judge concluded the subpoenas were 'pretextual' and issued for an 'improper purpose,' specifically to pressure Powell on interest rates or resignation.
• The US Attorney's Office intends to appeal the decision, meaning the investigation is ongoing and could still affect future Fed appointments.

A federal judge blocked subpoenas against Fed Chair Powell, citing 'essentially zero evidence' in an investigation by the US Attorney's Office. The judge found the subpoenas were issued for an 'improper purpose,' suggesting political pressure on interest rates. The US Attorney's Office plans to appeal, keeping the investigation ongoing and potentially impacting future Fed appointments.