Stocks trade mixed and Treasurys hold steady as DOJ closes Powell probe

13 articles · Updated · MarketWatch · Apr 24

The Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, with the 10-year Treasury yield edging down to 4.317%.
The Dow Jones fell 0.3%, S&P 500 rose 0.2%, and Nasdaq gained 0.6% following the announcement. Kevin Warsh, President Trump’s nominee, is now expected to succeed Powell when his term ends May 15.
The DOJ’s decision removes uncertainty over Fed leadership, potentially impacting future monetary policy direction and market sentiment as investors assess the transition to new central bank leadership.

How will the new Fed leadership impact the global economy and the US dollar's dominance?

What does a new Federal Reserve chair mean for your mortgage rates and savings accounts?

The DOJ probe is over, but has the Federal Reserve's independence been permanently damaged?

Will Jerome Powell remain on the Fed board as a check on his successor's policies?

How will Kevin Warsh balance his hawkish reputation with the administration's desire for lower rates?

What becomes of the $600 million in cost overruns at the Fed's headquarters now?