DoJ asks judge Boasberg to reconsider the ruling that quashed the subpoenas against Fed Chair Powell, according to Fox News
The Department of Justice is requesting Judge Boasberg to rethink the decision that dismissed subpoenas targeting Fed Chair Powell.
Israel reportedly estimates that Iran is looking to reach a deal quickly, according to Channel 13
Cuba's National Electric Grid collapses, according to the union
DoJ asks judge Boasberg to reconsider the ruling that quashed the subpoenas against Fed Chair Powell, according to Fox News
BP (BP/ LN) confirms production start up from new gas consortium project in Angola; initial production from Quiluma field expected to be 150mln standard cubit feet per day and rise to 330mmscf/day by year-end
NY Fed RRP op demand at 0.58bln (prev. 0.43bln) across 9 counterparties (prev. 4) on March 16th
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This development raises concerns over political pressures on the Federal Reserve and could impact perceptions of its independence, particularly amidst ongoing discussions around monetary policy. Traders should monitor any market reactions in the USD and fixed income as implications regarding the Fed's credibility and future rate decisions emerge.
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