Prosecutors Could Restart Jerome Powell Investigation, Jeanine Pirro Suggests

Forbes reported that Jeanine Pirro suggested prosecutors might restart an investigation into Federal Reserve Chair Jerome Powell, though no formal action or evidence was cited. If perceived as a threat to Powell’s tenure, such speculation could briefly unsettle markets by raising concerns about political pressure on Fed independence, potentially affecting rate decision credibility. The USD and assets tied to Fed policy expectations (labeled here as "POWELL") may experience short-term volatility if market participants interpret the comments as undermining institutional stability. The key transmission channel is risk sentiment around central bank autonomy, not economic fundamentals. Traders will watch for any follow-up from the Department of Justice or congressional statements that could signal actual legal or political 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.