White House Says Probe Involving Fed Chair Powell Is Still Ongoing
JH Kim
Summary
- The White House said an investigation into Federal Reserve Chair Powell remains underway.
- Markets are focused on how uncertainty surrounding the Fed chief could affect the direction of monetary policy and financial markets.
- The outcome of the investigation and any personnel-related decisions are key variables.
Forecast Trend Report by Period
The White House said an investigation involving Federal Reserve Chair Jerome Powell remains underway, prolonging uncertainty over US monetary policy leadership.
The White House said April 24 that the probe related to Powell has not been completed and is still in progress.
It did not disclose details or the scope of the investigation.
Markets are focused on how uncertainty surrounding the Fed chair could affect the direction of monetary policy and financial markets. The outcome of the probe and any personnel decisions are key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
