Bitcoin News
By Pankaj K
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Powell dodged bullets. Judge James Boasberg shut down subpoenas targeting Federal Reserve Chairman Jerome Powell on March 14, finding clear evidence the legal demands were…
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The Department of Justice won't quit. U.S. Attorney Jeanine Pirro said the DOJ plans to appeal Boasberg's ruling, setting up what could be a brutal legal fight over Fed…
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He said the evidence pointed to an attempt to "harass Powell to pressure him to lower rates" instead of seeking real information.
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The legal battle adds another layer of chaos to an already tense relationship between the Fed and government entities.
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Current interest rate policy remains a lightning rod for criticism. Powell faces constant scrutiny as he navigates inflation concerns and employment data that changes weekly.
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But Pirro's appeal decision suggests the DOJ thinks it's got a case worth fighting. More on this topic: Bitcoin Stalls Near K as Fed.
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The legal process will probably take months, maybe longer, but the Department seems committed to pushing forward.
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For now, the Fed keeps doing its thing. Powell hasn't commented publicly on the blocked subpoenas or the planned appeal, sticking to the Fed's usual tight-lipped approach during…
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Details about the appeal strategy remain murky. The DOJ hasn't revealed its timeline or specific arguments, leaving everyone guessing about next steps.
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Senator Elizabeth Warren jumped into the fray on March 15, voicing concerns about threats to Fed autonomy.
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Markets are getting jittery. The Dow Jones showed volatility as traders processed news of the blocked subpoenas and planned appeal.
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Attorney General Merrick Garland's office is prepping for the next phase but hasn't released details about timing or strategy.
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The Fed's spokesperson reiterated on March 16 that monetary policy decisions remain data-driven and independent, despite ongoing legal issues.
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House Financial Services Committee scheduled hearings for later this month to examine how judicial actions might affect monetary policy.
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Goldman Sachs analysts issued a report March 17 assessing potential market impacts. They warned prolonged uncertainty could increase volatility in interest rate futures as…
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