Powell’s DOJ Speech Sparks Market Volatility Concerns Amid Resignation Rumors

Federal Reserve Chair Jerome Powell faces mounting scrutiny as Rep. Anna Paulina Luna files a criminal referral with the Department of Justice, alleging perjury during Senate testimony about the Fed's $2.5 billion headquarters renovation. The development has injected uncertainty into financial markets, with investors closely monitoring Powell's scheduled 8:30 AM EST address for potential fallout.

Speculation intensified after Federal Housing Director William John Pulte suggested on social media platform X that Powell's 'resignation speech' looms, though he clarified the imminent address wouldn't directly address departure plans. Market participants are bracing for potential volatility as regulatory fears intersect with leadership uncertainty at the nation's central bank.