Fed’s Powell links DOJ probe to his defiance of Trump on rates

Fed Chair Jerome Powell linked his refusal to lower interest rates to a criminal investigation initiated by Donald Trump concerning renovations at the Federal Reserve. This statement raises concerns over the independence of the Fed and the implications of interest rate policies. Powell's comments may lead to increased market volatility as investors digest the potential long-term impacts on economic activity and market liquidity. However, no specific technical levels or actionable signals for trading were provided, making it essential for traders to stay vigilant and adjust their positions based on Powell's future statements and economic indicators.