Trumpy loses one

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"Lauren Fedor in Washington and Claire Jones in Nashville
Published 2 HOURS AGO

A US judge has blocked subpoenas issued by Donald Trump’s Department of Justice to the Federal Reserve, in a major blow to prosecutors’ criminal investigation into chair Jay Powell and a victory for the central bank.

James Boasberg, a US federal judge in the District of Columbia, wrote in an opinion unsealed on Friday that prosecutors were using their probe into renovations of the Fed’s headquarters to force Powell to “knuckle under” and bend to Trump’s relentless calls to slash borrowing costs.

“There is abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the president or to resign and make way for a Fed chair who will,” Boasberg wrote.

The judge said the Trump administration had “produced essentially zero evidence” to suspect Powell of a crime, adding: “Its justifications are so thin and unsubstantiated that the court can only conclude that they are pretextual.”

Boasberg’s ruling will stymie the criminal investigation into Powell related to cost overruns on the Fed’s $2.5bn headquarters renovation project."

FT.com
 
"Lauren Fedor in Washington and Claire Jones in Nashville
Published 2 HOURS AGO

A US judge has blocked subpoenas issued by Donald Trump’s Department of Justice to the Federal Reserve, in a major blow to prosecutors’ criminal investigation into chair Jay Powell and a victory for the central bank.

James Boasberg, a US federal judge in the District of Columbia, wrote in an opinion unsealed on Friday that prosecutors were using their probe into renovations of the Fed’s headquarters to force Powell to “knuckle under” and bend to Trump’s relentless calls to slash borrowing costs.

“There is abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the president or to resign and make way for a Fed chair who will,” Boasberg wrote.

The judge said the Trump administration had “produced essentially zero evidence” to suspect Powell of a crime, adding: “Its justifications are so thin and unsubstantiated that the court can only conclude that they are pretextual.”

Boasberg’s ruling will stymie the criminal investigation into Powell related to cost overruns on the Fed’s $2.5bn headquarters renovation project."

FT.com
His revenge tour is having a few law issues. :cool:
 
Yet another clear example of Trump's autocratic behaviour. The way he targets political opponents for prosecution on invented charges is one of the most extreme manifestations. Very similar to Putin.
 
Why do you think they do it

No other reason than because they are autocrats who want to destroy the checks and balances present in a democracy. If anyone who tries to oppose you is threatened with imprisonment then you can do whatever you want.
 
It's comforting to reflect that UK is among the many countries benefitting from renewable power sources that greatly reduce our need for fossil fuels.

Cleaner air, less money to Putin... win-win.

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It might be though odd that highwayman does not know that electricity is a form of energy.
 
It might be though odd that highwayman does not know that electricity is a form of energy.
I realise that John, but putin sells a lot of gas, we dont buy energy from Russia so it wont affect him in the slightest
 
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