DOJ Drops Powell Investigation, Clears Path for Warsh

The U.S. Department of Justice has announced the termination of the criminal investigation into Federal Reserve Chairman Jerome Powell. This decision aims to remove the obstacle blocking the appointment process for Powell's potential successor, Kevin Warsh. Bloomberg News reporters Chris Strohm and Enda Curran discussed the matter on the Bloomberg This Weekend program. The dropping of the investigation could accelerate Warsh's Senate confirmation process. The probe, conducted throughout Powell's chairmanship, had created uncertainty in the markets. The Justice Department's decision may also alleviate concerns about the Fed's independence. Experts do not expect this development to lead to an abrupt change in the Fed's monetary policy stance. However, if Warsh is appointed, differences in regulatory approach could emerge. Powell's current roadmap regarding interest rates and balance sheet reduction is being closely monitored by the markets. This is not investment advice.

📊 BAC — Piyasa Yorumu

▲ up · 60%

The news is perceived positively for the banking sector due to reduced regulatory uncertainty and the emergence of a market-friendly figure. BAC stock is trading above its 50-day and 20-day moving averages, with the RSI in neutral territory, indicating room for upward movement in the short term. Although the MACD line remains below the signal line, the gap has narrowed, suggesting momentum could turn bullish. However, given the absence of volume data and the possibility of cautious market sentiment, the upside potential may remain limited.

RSI 14

50.8

MACD

0.17

24h Δ

0.95%

📊 JPM — Piyasa Yorumu

▲ up · 60%

The news is slightly positive for JPM due to reduced regulatory uncertainty and the potential for a market-friendly candidate (Warsh) to be favored. Technical indicators are in neutral-buy territory: RSI at 50, MACD above zero and just above the signal line, and the price above the 20- and 50-day moving averages. A short-term upward move is possible, but strong upside is not expected due to weak momentum.

RSI 14

50.1

MACD

0.66

24h Δ

0.30%

📊 C — Piyasa Yorumu

■ neutral · 60%

The news could create a positive atmosphere in the medium term due to reduced regulatory uncertainty and the emergence of a potentially market-friendly name. However, technical indicators show a weak short-term outlook: RSI at 44 is below the neutral zone, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. The 1.2% decline in the last close also indicates that momentum has not yet turned. Therefore, the positive impact of the news is balanced by the technical weakness, and no clear direction is expected in the short term.

RSI 14

44.4

MACD

-0.22

24h Δ

-1.19%

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