Federal Reserve Chair Powell Faces Appeal Deadline Over Probe

AI Summary

U.S. Attorney Jeanine Pirro has suspended her criminal investigation into Jerome Powell, the Federal Reserve Chair. She has until Monday to appeal Chief Judge James Boasberg's ruling that quashed her subpoenas. The outcome of this appeal could influence Powell's tenure at the Fed and President Trump's ability to appoint a new governor. The situation remains fluid, with Pirro indicating she may reopen the investigation if facts arise that justify it, which could impact market stability.