US Attorney Pirro says Fed Chair Powell is immune so cannot investigate, no one is above the law, and will appeal the ruling

• Investigation focuses on false statements and a statute having to do with fraud.

This headline suggests potential legal challenges to Fed Chair Powell, which could introduce uncertainty around Fed policy continuity. While the immediate impact on monetary policy may be limited, it raises questions about governance and accountability within central banking, which could have longer-term implications for market confidence. Traders should watch for any shifts in sentiment regarding Fed credibility and overall risk appetite in the coming days.