Raymond James says DOJ subpoenas tied to Chair Powell are unlikely to have a lasting market impact. However, a leadership #transition near the May 20 end of Powell’s term could limit the next Fed chair’s ability to pursue aggressive rate cuts. #crypto
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FED #TRANSITION MAY LIMIT RATE CUTS
Raymond James says DOJ subpoenas tied to Chair Powell are unlikely to have a lasting market impact. However, a leadership #transition near the May 20 end of Powell’s term could limit the next Fed chair’s ability to pursue aggressive rate cuts. #crypto