0617 GMT - Threats of a criminal indictment against Federal Reserve Chair Jerome Powell over cost overruns at the Fed's headquarters "is probably the most immediate market threat in terms of sentiment," Columbia Threadneedle Investments' Anthony Willis says in a note. "We have seen in the past how any worries over its independence will not be taken well by financial markets," the senior economist says. Powell pushed back strongly and suggested this has nothing to do with cost overruns and potential fraud and everything to do with keeping pressure on for further interest rate cuts. "A perceived lack of Fed independence is [a] trouble for financial markets," Willis says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
January 14, 2026 01:17 ET (06:17 GMT)
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