Federal Probe into Fed Chair Powell’s Congressional Testimony Sparks Market Uncertainty
Federal prosecutors have launched an investigation into whether Federal Reserve Chair Jerome Powell misled Congress regarding renovations to the Fed's Washington headquarters. The probe, authorized by U.S. Attorney Jeanine Pirro in November, examines potential discrepancies in Powell's disclosures about the multi-million dollar project.
The investigation has drawn scrutiny from the White House, with reports indicating President TRUMP expressed dissatisfaction with Powell's leadership. Market participants are monitoring the situation closely, as political instability at the Fed could create volatility across traditional and digital asset markets.
While no direct cryptocurrency implications have emerged, the probe adds to existing macroeconomic uncertainty. bitcoin and other store-of-value cryptocurrencies often benefit from institutional turmoil, though regulatory clarity remains paramount for sustained adoption.
