This news has not yet been reported by relatively official media, and it seems to have little impact on the market. However, once this news starts to gain traction over the weekend or next Monday, I don't think there's any need to panic. This action is clearly Trump not daring to confront Powell directly, instead opting for a "roundabout way" to attack Powell through Congress. However, the investigation into Powell, from gathering evidence to final approval, will take a considerable amount of time. Putting aside whether Powell has violated the U.S. Constitution, even if there are "blemishes," it would be difficult to shake Powell's position in the short term. Unless Powell truly has certain "blemishes," the pressure from this direction is meant to force Powell to compromise. In plain terms, it means "if you don't cooperate with my interest rate cuts, I'll gather evidence to discredit you." However, I believe that one must be strong to forge iron; given Powell's temperament, he shouldn't have any significant or major blemishes.
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