🚨 Fed Update | Powell’s Next Move
Federal Reserve Chairman Jerome Powell confirmed he will remain on the Board of Governors even after stepping down as Chair, citing ongoing legal proceedings as the key reason behind his decision.
🔹 Powell emphasized this is about protecting the Fed’s institutional independence, not politics
🔹 DOJ won’t reopen its investigation unless new legal action is triggered
🔹 He plans to keep a low profile while staying in position
🔹 Marks a rare and complex transition as a new Chair prepares to take over
📊 Market Impact:
This move reduces short-term uncertainty around Fed leadership — a subtle positive for risk assets. Meanwhile, $BTC Bitcoin continues testing the $USDC 79K resistance amid broader macro pressure.
👀 All eyes now on how markets react in May as leadership transition unfolds.