US Stock Futures Plummet After Fed Chief Powell Reveals Criminal Investigation

• US Federal Reserve Chairman Jerome Powell announced a criminal investigation against him, causing US stock futures to drop.
• The investigation stems from the Fed prioritizing public well-being over President Trump's interest rate priorities.
• A grand jury subpoena was issued by the Department of Justice regarding Powell's Senate testimony last June.
• President Trump denied involvement, stating the subpoena is unrelated to interest rates, despite past clashes over Fed policy.
• The revelation raises questions about the US central bank's independence as Powell's term approaches its end in May 2026.

Why It Matters: Jerome Powell's criminal investigation revelation sent US stock futures tumbling, highlighting political pressure on the Fed.