US judge nixes two subpoenas against Federal Reserve chair Jerome Powell

In a fiery, 27-page decision, a United States judge has granted a motion to quash two subpoenas related to an investigation into Jerome Powell, the chair of the Federal Reserve, the country’s central bank.

On Friday, Judge James Boasberg of the US court for the District of Columbia concluded that the subpoenas has been issued for an “improper purpose”: to harass Powell into compliance.

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