Powell's investigation was terminated, paving the way for Waller's confirmation as Federal Reserve Chair, with easing rate expectations further intensifying.

BlockBeats News, April 24 — Washington, D.C. prosecutor Pirol announced that the investigation into the Federal Reserve Chairman Powell’s Federal Reserve building costs will be halted. The Federal Reserve Inspector General has been asked to review Fed expenditures. But if necessary, the investigation will be resumed without hesitation.

According to CME “Federal Reserve Watch” data, by the end of this year, the probability of the Federal Reserve cutting interest rates by an additional 25 basis points is 76%, by 50 basis points is 21.3%, by 75 basis points is 2.2%, by 100 basis points is 0.1%, and the probability of no rate cut is 0.4%.

Meanwhile, the suspension of Powell’s investigation has also paved the way for the confirmation of Kevin Waugh as Federal Reserve Chair. According to PolyBeats monitoring, the probability in the prediction market Polymarket that “Waugh will be confirmed as Federal Reserve Chair” has increased, with the probability of confirmation before May 15 rising to 80%, and before June 30 rising to 95%.