🇺🇸 DOJ WILL NOT REOPEN POWELL PROBE
The U.S. Justice Department has decided not to reopen the criminal investigation into former Fed Chair Jerome Powell over cost overruns linked to the Federal Reserve’s building renovation project.
The Fed’s Inspector General found no evidence of criminal wrongdoing, although it did point to weaknesses in how the project was managed.
For markets, the bigger point is that another source of uncertainty around Powell is now off the table — at least for now.
The DOJ said it could still take action if a future independent review uncovers evidence of criminal wrongdoing.
I’ll be watching how this develops because Fed-related headlines can quickly influence sentiment across risk assets, especially crypto.
$PUMPBTC $VELVET $CAP
#Bitcoin #crypto #Fed #Markets #Binance
The U.S. Justice Department has decided not to reopen the criminal investigation into former Fed Chair Jerome Powell over cost overruns linked to the Federal Reserve’s building renovation project.
The Fed’s Inspector General found no evidence of criminal wrongdoing, although it did point to weaknesses in how the project was managed.
For markets, the bigger point is that another source of uncertainty around Powell is now off the table — at least for now.
The DOJ said it could still take action if a future independent review uncovers evidence of criminal wrongdoing.
I’ll be watching how this develops because Fed-related headlines can quickly influence sentiment across risk assets, especially crypto.
$PUMPBTC $VELVET $CAP
#Bitcoin #crypto #Fed #Markets #Binance
