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Washington prosecutor announces halt to Powell investigation, further fueling expectations of Fed rate cuts this year
ME News Report, April 24 (UTC+8), Washington D.C. Prosecutor Piro announced the suspension of the investigation into Federal Reserve Chair Powell regarding the Federal Reserve building costs. He pointed out that although the investigation is paused, the Fed’s expenses will be reviewed by the Federal Reserve Inspector General. Additionally, Piro emphasized that if necessary, he will not hesitate to restart the investigation into Powell. Meanwhile, federal funds rate swap pricing shows that market expectations for the Fed to cut interest rates this year have further increased. (Source: MLion)