DOJ Investigates Jerome Powell Amid Market Uncertainty

DOJ Investigation into Jerome Powell

The US Department of Justice has initiated a criminal investigation into Federal Reserve Chair Jerome Powell, raising concerns about the independence of the central bank. This comes as President Trump considers Powell’s replacement ahead of the expiration of his term in May.

Market Reactions

Truist’s Chief Investment Officer and chief market strategist, Keith Lerner, is analyzing the bond market’s response to recent developments. Wall Street appears to be shifting back into a “Sell America” strategy amid the uncertainty surrounding Powell’s future.