US Attorney Pirro has confirmed the dropping of the criminal probe into Fed Chair Powell into Fed building costs

The confirmation of the dropping of the criminal probe into Fed Chair Powell alleviates a potential risk for the Federal Reserve and may lend credibility to his leadership. This news could stabilize market sentiment around the Fed's policy direction, and may foster a more supportive environment for risk assets as political uncertainty diminishes. Given the timing, it could also influence expectations around future rate decisions and bolster the USD's position in Forex markets.