Mar 13 • 20:26 UTC 🇩🇪 Germany FAZ

Liveblog USA under Trump: US Judge Stops Investigations Against Fed Chair Powell

A US federal judge has halted investigations against Federal Reserve Chair Jerome Powell, citing evidence that the Trump administration may have attempted to pressure him.

A federal judge in the United States has temporarily halted the judicial investigations into Jerome Powell, the chair of the Federal Reserve. This ruling, made by Judge James Boasberg, found the subpoena issued by the Justice Department to Powell to be invalid. According to Boasberg, there is a wealth of evidence suggesting that the Trump administration exerted pressure on Powell, attempting to manipulate his decisions regarding monetary policy. This revelation raises significant concerns regarding the independence of the Federal Reserve in the face of political influence.

The implications of this ruling are far-reaching, as it touches on the pillars of central bank autonomy and the separation of powers in the US government. Central bank officials are expected to operate independently from political pressures to maintain economic stability and public confidence in financial institutions. The notion that the Trump administration may have attempted to undermine this independence through pressure tactics raises questions about the integrity of economic policymaking during Trump's presidency.

Furthermore, the live blog continues to cover various developments in Trump's second presidency, including US-Cuba conversations and the identification of a synagogue attacker. The mixture of these topics reflects the ongoing political turmoil and the impact of leadership decisions on both domestic and international fronts, highlighting the complexities of governance in a politically charged environment.

📡 Similar Coverage