According to Bank of America, the DOJ’s criminal investigation into Fed Chair Jerome Powell could delay interest rate cuts.
Due to this legal pressure, the Fed may now adopt a "defensive" stance regarding rate reductions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 POWELL UNDER PROBE: RATE CUTS DELAYED?
According to Bank of America, the DOJ’s criminal investigation into Fed Chair Jerome Powell could delay interest rate cuts.
Due to this legal pressure, the Fed may now adopt a "defensive" stance regarding rate reductions.