Jerome Powell: Justice closes investigations into central bank chief after dispute with Donald Trump

The U.S. Department of Justice has concluded its investigations into Federal Reserve Chair Jerome Powell, following public and political tensions with former President Donald Trump, who had previously criticized Powell’s monetary policy decisions and questioned his position. The resolution of the probe removes a layer of political uncertainty surrounding the independence of the Federal Reserve, reinforcing confidence in central bank stability and insulating monetary policy from direct executive interference. This development supports the U.S. dollar (USD) by affirming institutional integrity, while reducing political risk premiums priced into bank stocks (BANK) and the TRUMP media SPAC. Markets had been sensitive to any perceived threats to Fed autonomy, which could have influenced rate credibility and capital flows. Traders will now focus on the upcoming FOMC minutes for signals on rate trajectory, now that governance concerns around Powell’s leadership have been alleviated.

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.