Prosecutors from US Attorney General for District of Columbia Jeanine Pirro's office made a surprise visit on Tuesday to the construction site for the Fed's headquarters renovation

The surprise visit by prosecutors to the Federal Reserve's construction site signals potential scrutiny over the institution during its renovation efforts. This unexpected intervention could raise questions about political influence on the Fed, impacting market sentiment and risk appetite towards the USD and fixed income. Traders should watch for any fallout which may sway yields and currency flows, particularly in the context of ongoing monetary policy discussions.