Fed board urges judge to deny efforts to resurrect Powell probe subpoenas, via CNBC

The Federal Reserve's board is actively seeking to prevent the reinstatement of subpoenas related to Chairman Powell's probe, indicating a defensive stance regarding oversight and accountability. This may reflect concerns about transparency and governance at the Fed, which could influence market dynamics by fostering uncertainty around Fed operations. Traders should monitor potential impacts on USD sentiment and broader risk appetite as this situation evolves.