March 13 (UPI) -- A federal judge this week quashed subpoenas the Department of Justice had issued to Federal Reserve Chair Jerome Powell because they were issued to pressure him into adjusting interest rates.

US prosecutor Jeanine Pirro swiftly responded, saying the Trump administration would appeal the order.

A federal judge has blocked subpoenas seeking records from the Federal Reserve as part of a criminal investigation involving Chair Jerome Powell.

Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.

A federal judge blocked the criminal probe into Federal Reserve Chair Jerome Powell on Friday, ruling the federal investigation into a renovation project seemed to be a pretext for harassing the centr

A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that has already attracted strong criticism on Capitol Hill. The investigation into testimony last June by Chair Jerome Powell about a $2.5 billion building renovation has also delayed…

Judge Boasberg described the effort as an attempt to pressure Federal Reserve Chairman Jerome Powell into lowering interest rates or resigning.

Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.

A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that attracted strong criticism.

A federal judge has quashed two Justice Department subpoenas targeting the Federal Reserve, the Wall Street Journal reported Friday, delivering a significant legal victory to the central bank and a serious setback to the criminal probe that U.S. Attorney Jeanine Pirro had opened into Fed Chair Jerome Powell. | Economy

Judge James Boasberg said that a “mountain of evidence suggests” that the purpose of the subpoenas was simply to pressure the Fed to cut its key interest rate.

WASHINGTON - A federal judge on Friday said he was blocking subpoenas that the Justice Department served to Federal Reserve Chair Jerome Powell in a probe purported to be about the management of the central bank's renovation. "A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," Judge James Boasberg, the chief judge on the U.S. District Court for Washington, D.C., wrote in a court filing. Boasberg continued: "On the other side of the scale, the Government has produced essentially zero evidence to suspect Chair Powell of a crime; indeed, its justifications are so thin and unsubstantiated that the Court can only conclude that they are pretextual." "The Court therefore finds that the subpoenas were issued for an improper purpose and will quash them," the order states. Powell said the threatened indictment was related to his testimony before the Senate in June about the renovation of Federal Reserve office…