Macro· ★★★· neutral·

US Justice Department declines to reopen criminal probe into Powell

  • —Justice Department closed the criminal probe into Powell on October 2
  • —Fed renovation budget rose from $1.3 billion to $2.4 billion
  • —Powell stepped down as Fed chair in May 2026 but remains a governor until 2028
  • —Trump sought Powell's removal; the case could reopen if new evidence emerges
Why it matters: Powell's continued presence on the Fed board reduces political pressure on monetary policy, a key factor for rate expectations and crypto markets.
Source: Journal du Coin
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