POWELL: WELCOMED FRIDAY'S DOJ ANNOUNCEMENT, ADDING THAT OVER THE WEEKEND THE JUSTICE DEPARTMENT GAVE ASSURANCES IT WOULD NOT REOPEN ITS PROBE WITHOUT A CRIMINAL REFERRAL.

Federal Reserve Chair Jerome Powell publicly welcomed the Justice Department's Friday announcement, noting that over the weekend the DOJ provided assurances it would not reopen its investigation into Powell without a criminal referral. This clarification reduces immediate legal and reputational risk for Powell, alleviating concerns about potential disruptions to Fed leadership or governance. The primary market impact centers on perceptions of Fed independence and stability, with reduced uncertainty supporting continued confidence in monetary policy continuity. Investors will watch for any subsequent actions from the DOJ or congressional responses, particularly ahead of the next FOMC meeting, as shifts in Powell’s position could influence rate path expectations through changes in perceived central bank credibility.

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