Fed board urges judge to deny efforts to resurrect Powell probe subpoenas, via CNBC
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Iran President explained that Iran seeks to complete end to the war and achieve security and stability in the region
US sells USD 44bln of 7-yr notes; Tail 0.8bps
Fed board urges judge to deny efforts to resurrect Powell probe subpoenas, via CNBC
BoE's Greene says second round effects are a risk, but less so than in 2022
Canada announces additional sanctions against Russia; adding 100 more vessels from Russia's shadow fleet to sanctions list
On the Newsquawk feed at , 20 minutes before this page.
Context
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.
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