Judge blocks Justice Department subpoenas of Federal Reserve chair

A federal judge has thrown out subpoenas issued by the Justice Department against Federal Reserve Chair Jerome Powell. The judge ruled the subpoenas, which were part of an investigation into Powell, were an attempt to harass him and lacked a proper legal basis.

Testimony indicated the Justice Department lacked evidence of wrongdoing by Powell. The ruling is seen as a legal victory for Powell, who had been targeted by the investigation.