Dutch Bank: The Federal Reserve may delay interest rate cuts due to investigations

According to Jinshi News, Rogier Quadevelich, an economist at the Dutch Bank, stated in a report that the investigation into Federal Reserve Chairman Powell could affect the prospects of interest rate cuts in the short term. He pointed out that challenges to the independence of the Federal Reserve might prompt board members to take a tougher stance, delaying the decision on rate cuts. This investigation involves cost overruns in the renovation project of the Federal Reserve headquarters, and Quadevelich believes this is a means to pressure the Federal Reserve Chairman, which could lead to a delay in rate cuts.