Breaking: US federal prosecutors have opened an inquiry into Federal Reserve Chair Jerome Powell, according to reporting from the New York Times. The investigation marks a significant development in the political landscape surrounding the central bank's leadership. Powell's tenure has been closely watched by financial markets given his influence over monetary policy decisions—moves that directly ripple through traditional finance and crypto markets alike. The specifics of the inquiry remain under wraps, but the timing adds another layer of uncertainty to an already complex macroeconomic environment where interest rate expectations and inflation concerns continue shaping asset prices across all markets.