POWELL: HE IS WAITING FOR THE DOJ INVESTIGATION TO BE FULLY CONCLUDED AND WILL DEPART WHEN HE DEEMS THE TIMING APPROPRIATE.

Federal Reserve Chair Jerome Powell indicated he will remain in his position until the Department of Justice's investigation into the central bank is complete and will determine his departure timing based on appropriateness rather than external pressure. The comments introduce uncertainty around the Fed's leadership continuity, which could influence market perceptions of policy stability and institutional independence. This uncertainty may affect the term premium in U.S. Treasury yields and amplify volatility in interest rate futures, particularly for contracts pricing in policy moves beyond 2024. The perceived link between DOJ oversight and central bank autonomy could also weigh on the dollar if investors reassess the Fed’s operational independence. Traders will watch the release of the DOJ report’s findings as the next key catalyst for Powell-related speculation.

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