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Former Kansas City Fed President Comments on DOJ’s Federal Reserve Subpoenas

Thomas Hoenig says public focus has shifted from an individual to the administration, calling the subpoenas largely ineffective.

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Terms & Concepts
  • Federal Reserve (Fed): The central banking system of the United States, responsible for monetary policy and regulating banks.
  • DOJ: Abbreviation for the U.S. Department of Justice, the federal agency responsible for enforcing laws and administering justice.
  • Subpoena: A legal order requiring an individual or organization to provide documents or testify in a legal proceeding.