Judge Blocks US Investigation of Fed Chair Powell, DOJ to Appeal

• Federal judge rejected DOJ subpoenas against Fed governors in a case involving Chair Powell, citing 'improper motive' and lack of evidence.
• The DOJ intends to appeal the ruling, which Senator Thom Tillis stated would delay Kevin Warsh's confirmation as Fed Chair.
• Analysts discuss the political motivations behind the appeal and the possibility of President Trump appointing an acting Fed Chair if Powell's term as chair ends without a confirmed successor.

A federal judge rejected Justice Department subpoenas related to Fed Chair Jerome Powell, citing an 'improper motive' of retaliation over policy differences. The DOJ plans to appeal this decision, which a senator suggests could delay the confirmation of Kevin Warsh as the next Fed Chair. The discussion explores the political implications and potential for President Trump to name an acting chair.