"Almost no evidence" US judge dismisses subpoena against Fed Chair Powell

Reporters from the main station learned on the 13th local time that a federal judge in the United States that day said he would reject the subpoena issued by the Department of Justice to Federal Reserve Chairman Jerome Powell for "almost no evidence". James Boasberg, Chief Judge of the Washington DC Federal District Court, wrote in a court document: "A large amount of evidence shows that the government issued these subpoenas to the Federal Reserve Board in order to pressure its chairman to vote for rate cuts or to force him to resign." Boasberg concluded that the court determined that these subpoenas were issued for improper purposes and "has now decided to revoke them". Since January 2025, the relationship between the White House and Federal Reserve Chairman Powell has become increasingly tense. President Trump has repeatedly criticized him for not wanting to cut rates significantly and has pressured Powell in various ways, repeatedly demanding his resignation.