
A federal judge has blocked a grand jury subpoena targeting Federal Reserve Chair Jerome Powell. The subpoena was related to renovation costs at the Federal Reserve's headquarters in Washington D.C., which former President Trump had questioned as an overspend. The judge indicated the subpoena appeared to be the government's attempt to pressure Powell into lowering interest rates or resigning. Liz Claman reports on the details and market reactions, including the 10-year Treasury yield.