A U.S. judge on Friday blocked subpoenas issued in a criminal investigation into Federal Reserve Chair Jerome Powell by ​a prosecutor appointed by President Donald Trump, agreeing with Powell that the probe was an improper attempt to intimidate the central bank into cutting interest rates.

The Trump administration vowed Friday to appeal a ruling from a federal judge who ruled that an investigation into Federal Reserve Chair Jerome Powell was likely politically motivated and blocked a grand jury subpoena.

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.

A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.

A federal judge blocked the Justice Department on Friday from enforcing subpoenas issued against Federal Reserve Chairman Jerome Powell, ruling the government failed to show any legitimate basis for the demands.

A federal judge on Friday tossed out Department of Justice subpoenas sent to Federal Reserve chair Jerome Powell earlier this year. Why it matters: The judge accused the Trump administration of using the criminal investigation to pressure the head of the world's most important central bank to lower interest rates.

A federal judge has quashed the Justice Department’s grand jury subpoenas in a criminal complaint against Federal Reserve Chair Jerome Powell, court documents unsealed on Friday revealed. “The case

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.