Powell’s Morning Speech Sparks Market Jitters as DOJ Probe and Exit Rumors Swirl

Fed Chair Jerome Powell's latest remarks hit like a caffeine jolt to Wall Street—equal parts energizing and anxiety-inducing.

Behind the scenes: The DOJ's shadow looms while whispers of an early exit gain traction. Because nothing says 'stable monetary policy' like a side of political drama.

Market reaction? Predictably schizophrenic. Traders are parsing every syllable while Bitcoin maximalists smirk—another day, another fiat circus.

Bonus jab: At least Powell's speeches have better inflation-adjusted entertainment value than Treasury yields.

Jerome Powell DOJ Speech Sparks Market Volatility And Regulatory Fears

Criminal DOJ Referral Filed

Rep. Anna Paulina Luna has formally referred Fed Chair Jerome Powell to the Department of Justice for a criminal investigation, and this DOJ investigation Powell case centers around alleged perjury during Senate testimony about the Fed’s $2.5 billion headquarters renovation.

Luna stated:

Powell Resignation Rumors Surface

Director of Federal Housing William John Pulte actually sparked these Powell resignation rumors on X, suggesting Powell’s ‘resignation speech’ is coming soon. However, Pulte clarified he didn’t believe the Jerome Powell DOJ speech tomorrow WOULD address resignation matters directly:

It won’t be his resignation speech but his resignation speech is coming soon https://t.co/WKgRFIgMe2

The speculation around Powell’s DOJ speech has intensified market volatility concerns as investors await potential announcements during his scheduled morning remarks right now.

Building Renovation Controversy

This DOJ investigation Powell referral focuses on luxury features Powell allegedly denied under oath. Luna accused Powell of lying about a VIP dining room, premium marble, water features, and also a roof terrace garden in the Federal Reserve’s Eccles Building renovation.

Luna had this to say:

Trump Administration Pressure

Treasury Secretary Scott Bessent has escalated tensions with Fed Chair Jerome Powell over Federal Reserve independence. The ongoing conflict has actually fueled Powell resignation rumors and added uncertainty to expectations around Powell’s DOJ speech.

Bessent stated:

Market Impact

The criminal referral comes as President TRUMP frequently criticizes Powell for refusing to lower interest rates. Market volatility concerns have grown as investors monitor the DOJ investigation Powell developments and potential outcomes from Powell’s morning speech.

Luna emphasized:

Powell’s speech timing coincides with mounting political pressure, creating unprecedented uncertainty about Federal Reserve leadership and monetary policy direction ahead of his morning address at the time of writing.