Pirro appears to drop plans to appeal criminal investigation of Fed Chair Powell

Federal Reserve Chair Jerome Powell is reportedly no longer pursuing an appeal regarding a criminal investigation led by Pirro. This development may influence market sentiment by reducing uncertainty surrounding Powell's leadership and the Fed's policy direction. The transmission mechanism here is risk appetite, as a stable Fed Chair can bolster confidence in monetary policy continuity. Financial markets, particularly equities and interest rate-sensitive assets, are most exposed to changes in Fed leadership dynamics. Traders will be attentive to upcoming Federal Open Market Committee meetings for any shifts in policy guidance or commentary from Powell that could impact market expectations.

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.