08
Jan
Investors moved quickly after reports emerged of a criminal probe involving Federal Reserve Chair Jerome Powell, stirring renewed worries about US financial stability.The disclosure prompted mild pullbacks in equities, fixed-income markets, and the dollar, underscoring anxiety about the Fed’s autonomy.US equity markets opened lower following reports that federal prosecutors were investigating Powell. The Dow Jones Industrial Average dropped 159 points, a decline of 0.32%, while the broader S&P 500 slipped 0.14%, and the tech-heavy Nasdaq fell by 0.1%. The US dollar weakened against other major currencies, with the dollar index down 0.35%, signaling a cautious response from currency traders. Meanwhile,…