JUST IN: 🇺🇸 DOJ expected to drop criminal investigation into Fed Chair Jerome Powell.

The U.S. Department of Justice is expected to drop its criminal investigation into Federal Reserve Chair Jerome Powell, according to a recent report. While the probe’s dismissal removes a potential overhang on Powell’s leadership credibility, it is unlikely to alter the Fed’s policy trajectory, which remains data-dependent. The primary market transmission channel is confidence in central bank independence and governance stability, factors that can influence short-term risk appetite and dollar sentiment. The USD may see mild support from reduced political uncertainty, particularly in overnight index swap (OIS) pricing that factors in institutional confidence in Fed leadership. Traders will watch the upcoming FOMC minutes for any indication of shifts in internal governance or policy consensus that may have been influenced by the investigation.

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.