Fed Chair Powell weighs staying on after criminal probe clears him

The Quick Take

• Criminal investigation into Fed Chair Jerome Powell has concluded, opening the door to a decision on his future tenure
• No market reaction data available, but uncertainty over Fed leadership adds to already delicate policy environment
• Powell's potential departure or continuation carries major implications for Fed independence and rate-path credibility
• Decision on Powell's future role is imminent, with ramifications for monetary policy at a critical economic juncture
• Global markets including Asia/India face elevated uncertainty if Fed leadership transition disrupts rate-cut expectations

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