Fed Chair Powell Faces Criminal Investigation Over $2.5B Renovation Costs
- Investigation Initiated: U.S. prosecutors have launched a criminal investigation into Fed Chair Jerome Powell regarding his congressional testimony about $2.5 billion renovation costs, which could threaten the Federal Reserve's independence.
- Political Pressure: Powell claims the investigation is politically motivated, particularly against the backdrop of the Trump administration's demands for quicker interest rate cuts, which may interfere with the Fed's policy-making autonomy.
- Congressional Response: Republican Senator Tillis warns that the investigation risks undermining the Fed's independence and has stated he will oppose future Fed nominees until the matter is resolved, reflecting bipartisan concerns over the inquiry.
- Powell's Stance: Powell asserts his commitment to fulfilling the Fed's mandate, emphasizing that public service sometimes requires standing firm to ensure the Fed remains insulated from political intimidation, thereby maintaining price stability and maximum employment.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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