Trump DOJ dropping criminal probe of Fed Chair Jerome Powell over central bank renovations

The U.S. Department of Justice, under the Trump administration, is dropping a criminal investigation into Federal Reserve Chair Jerome Powell related to renovations at central bank facilities. The probe’s dismissal removes a potential political overhang on the Fed’s operational independence, reducing near-term uncertainty around U.S. monetary policy decision-making. This development supports USD stability by reinforcing institutional norms and limiting political interference risks, which could bolster investor confidence in U.S. financial governance. Bank stocks may benefit from reduced regulatory and political risk sentiment, while the TRUMP media stock could see muted reaction unless further political narratives emerge. Traders will watch the next FOMC statement for signals on whether the Fed adjusts its policy stance amid improved institutional clarity.

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.