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US Senate Banking Committee Republican Cramer says Fed Chair Powell is no criminal, calls for quick end to Fed probe to "restore confidence" in the Fed

Republican Senator Cramer defending Fed Chair Powell could signal a political push towards stabilizing perceptions of the Federal Reserve amid ongoing investigations.

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US Senate Banking Committee Republican Cramer says Fed Chair Powell is no criminal, calls for quick end to Fed probe to "restore confidence" in the Fed

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European Closes: Euro Stoxx 50 +0.32% at 6,017, Dax 40 +0.54% at 25,398, FTSE 100 +0.16% at 10,141, CAC 40 -0.04% at 8,359, FTSE MIB +0.03% at 45,732, IBEX 35 +0.14% at 17,674, PSI -0.31% at 8,494, SMI +0.02% at 13,425, AEX +0.54% at 994.

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Context

This call for a quick resolution aims to restore confidence, which might positively influence market sentiment towards USD and interest rates, particularly as traders gauge the Fed's credibility ahead of policy decisions.

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