In the United States, the Washington prosecutor drops the charges against Jerome Powell, the president of the Fed

U.S. prosecutors in Washington have dropped charges against Federal Reserve Chair Jerome Powell, resolving a legal matter that had briefly raised concerns about potential disruptions to central bank leadership. The development removes a source of political and institutional uncertainty, reinforcing the Fed's operational independence and supporting confidence in U.S. monetary policy stability. This clarity bolsters the USD by reducing perceived governance risks, particularly in the context of foreign exchange markets where central bank credibility influences capital flows and rate differential expectations. The resolution allows market focus to shift back to macroeconomic data and the Fed’s inflation-fighting credibility. Traders will watch the upcoming FOMC minutes and CPI release for signals on rate cuts, which will now likely dominate USD price action.

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.