Powell Blasts Trump Administration's Criminal Probe Threatening Fed Independence
- Independence Crisis: Powell criticized the Trump administration's criminal probe as an attack on the Federal Reserve's independence, emphasizing that interest rates should be set based on economic conditions rather than political pressure to ensure effective monetary policy.
- Investigation Context: The U.S. Attorney for Washington initiated a criminal investigation into Powell on Friday regarding the renovation of the Fed's headquarters and whether he misled Congress, potentially undermining public trust in the Fed.
- Political Pressure: Trump has repeatedly attacked Powell, threatening legal action and attempting to replace him, indicating that political interference could have profound implications for monetary policy decisions, thereby affecting market stability.
- Future Uncertainty: With Powell's term ending in May, Trump has lined up loyalists to potentially take over, which could lead to significant shifts in future interest rate policies, increasing market concerns about the direction of Fed policies.
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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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