4 h. ago US justice department subpoenas Minnesota Democrats accused of impeding ICE efforts

Minnesota governor Tim Walz and Minneapolis mayor Jacob Frey among officials who received subpoenasThe justice department subpoenaed several top officials in Minnesota on Tuesday as part of its investigation into whether Minneapolis officials have conspired to impede federal immigration efforts there.A copy of a subpoena to the office of the Minneapolis mayor, Jacob Frey, obtained by the Guardian, requests guidance and policies related to immigration enforcement in Minnesota since last year. It also requests communication regarding those policies with other state agencies, as well as documents related to “hindering, doxxing, identifying, or surveilling immigration officers”. Continue reading...

Politics

4 h. ago Justice Department subpoenas Walz and others in immigration enforcement obstruction probe.

Federal prosecutors have served six grand jury subpoenas to Minnesota officials as part of an investigation into whether they obstructed or impeded federal law enforcement during a sweeping immigration operation in Minneapolis-St. Paul area

Events

3 d. ago Minnesota leaders decry targeting by US justice department over ICE turmoil

Governor Tim Walz says ‘weaponizing the justice system is an authoritarian tactic’ as he and Minneapolis mayor Jacob Frey reportedly will be subpoenaedThe US justice department is investigating Minnesota’s political leaders for allegedly conspiring to obstruct the Trump administration’s controversial immigration crackdown there, according to multiple reports.The investigation, which CBS News first reported, marks an extraordinary use of federal power to challenge two of the crackdown’s most vocal Democratic critics, including the state’s governor, Tim Walz, and the mayor of Minneapolis, Jacob Frey. Continue reading...

Politics

4 d. ago Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed

Kevin Hassett, a top contender to replace Jerome Powell, suggests he believes Powell told the truth about central bank renovationUS politics live – latest updatesDonald Trump’s top economic adviser, Kevin Hassett, said he expected there was “nothing to see here” as the US Department of Justice pursues its criminal investigation of Jerome Powell, the Federal Reserve chair.The Trump administration has faced a chorus of criticism in recent days after it emerged that the justice department had served the Fed with grand jury subpoenas, in a significant escalation of its extraordinary attack on the US central bank’s independence. Continue reading...

Economics

8 d. ago US bond markets should be in revolt. Fed independence matters

It is a perilous time to mess with the principle that rate-setters under an independent system should be free of political pressureEx-Fed chairs condemn Trump’s bid to weaken central bank’s independenceTrump’s attempts to influence Fed risk ‘70’s-style inflation and global backlash’Well said, Jerome Powell. The chair of the US Federal Reserve responded to news of a subpoena from the US Department of Justice with a statement that was extraordinary, necessary and stark.A criminal investigation into the Fed, and him personally, over the renovation of the central bank’s headquarters is an attempt to bully officials into setting policy according to the president’s whims, said Powell: “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will be directed by political pressure or intimidation.” Continue reading...

Politics

8 d. ago US bond markets should be in revolt. Fed independence matters | Nils Pratley

It is a perilous time to mess with the principle that rate-setters under an independent system should be free of political pressureEx-Fed chairs condemn Trump’s bid to weaken central bank’s independenceTrump’s attempts to influence Fed risk 1970s-style inflation and global backlash’Well said, Jerome Powell. The chair of the US Federal Reserve responded to news of a subpoena from the US Department of Justice with a statement that was extraordinary, necessary and stark.A criminal investigation into the Fed, and him personally, over the renovation of the central bank’s headquarters is an attempt to bully officials into setting policy according to the president’s whims, said Powell. Continue reading...

Politics

8 d. ago US futures slip while Asian shares gain as Fed chair Powell faces Trump legal threat

US futures experienced a dip on Monday, contrasting with gains across Asian markets, after Federal Reserve Chair Jerome Powell revealed the Department of Justice had served the central bank with subpoenas.

Politics

8 d. ago Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

Fed chair accuses DoJ of threatening criminal charges over building renovation projects because central bank defied Trump’s interest rate demandsThe Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump’s extraordinary attack on the US central bank.Powell said the Department of Justice had served the Fed with grand jury subpoenas on Friday, threatening a criminal indictment related to his testimony before the Senate banking committee in June last year, regarding renovations to the Fed’s historic office buildings in Washington DC. Continue reading...

Politics