DOJ Investigates Jerome Powell as S&P 500 Reaches Record Highs

The DOJ is investigating Jerome Powell in a move that could keep him at the Federal Reserve past May despite tensions with Donald Trump.Investors sent the S&P 500 to all-time highs as markets interpreted the criminal probe as an attempt to influence interest rates rather than a direct threat to central bank autonomy.Betting markets now show increased odds of Jerome Powell remaining in his position over the potential appointment of Donald Trump ally Kevin Hassett.