Two Democratic senators are demanding that Trump admin officials turn over records related to the DoJ's criminal probe of Fed Chair Powell, WSJ reports

Two Democratic senators are demanding that Trump admin officials turn over records related to the DoJ's criminal probe of Fed Chair Powell, WSJ reports.

The demand from two Democratic senators for documents related to the Department of Justice's investigation of Fed Chair Powell introduces fresh uncertainty into the political landscape surrounding the Federal Reserve. This could influence market sentiment towards USD, equities, and bonds, especially if it raises concerns about the Fed's independence or its future policy decisions. Traders should monitor for any significant market reactions, as this might affect perceptions of risk and policy direction.