Federal Judge quashes subpoenas sent to the Fed and Chair Powell
The quashing of subpoenas aimed at the Federal Reserve and Chair Powell may represent a reprieve for the central bank, eliminating potential distractions that could influence its policy decisions.
US President Trump signs two order to boost home ownership, AP reports; signs order reducing mortgage regulations
Tillis on Boasberg ruling quashing grand jury subpoena of Fed Chair Powell; “This ruling confirms just how weak and frivolous the criminal investigation of Powell is and it is nothing more than a failed attack on Fed independence" , via Fox's Pergram
Federal Judge quashes subpoenas sent to the Fed and Chair Powell
Hezbollah Leader says they have prepared for a long confrontation and they will be surprised in the field
US President Trump met with the South Korean PM on Friday at the White House, according to Yonhap
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"Federal Judge quashes subpoenas sent to Fed/Powell: "There is abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will" & no evidence to contrary"
This outcome may reinforce Powell's position and stability at the Fed, which could lead to a more predictable policy environment, impacting market sentiment across U.S. dollar assets and fixed income. Traders might interpret this as a bolstering of the Fed's independence, further grounding expectations around the current monetary policy trajectory.
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