Krugman Says Pirro Is Harassing Fed Chair Powell

• A federal judge blocked subpoenas against Fed Chair Powell, which Paul Krugman described as political harassment.
• Krugman stated the 'dominant purpose' of the subpoenas was to pressure Powell to lower rates, a claim he believes is 'undoubtedly true'.
• He highlighted that such political interference with the Fed's decisions is unprecedented and raises concerns about the institution's independence, despite this specific legal win for the Fed.

Paul Krugman discusses a federal judge's ruling blocking an investigation into Fed Chair Powell, characterizing the subpoenas as political harassment aimed at pressuring Powell to lower interest rates. He emphasizes the unprecedented nature of such interference and raises concerns about the future of Fed independence, despite the judge's decision being a 'big flop' for the administration.