Trump's DOJ drops probe that stood in way of president's pick to run Federal Reserve
Burns Brief
The Justice Department passed an investigation of Fed Chair Jerome Powell to the Fed's own inspector, which could clear a confirmation path for Kevin Warsh The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The Justice Department passed an investigation of Fed Chair Jerome Powell to the Fed's own inspector, which could clear a confirmation path for Kevin Warsh.
Key Takeaways
- The Justice Department passed an investigation of Fed Chair Jerome Powell to the Fed's own inspector, which could clear a confirmation path for Kevin Warsh