ABN AMRO: The Federal Reserve may delay its rate cut decision due to ongoing investigations

ChainCatcher News, according to Golden Ten Data, Dutch bank economist Rogier Quirijns stated in a report that the investigation into Federal Reserve Chairman Powell may affect the prospect of a rate cut by the Fed in the short term. He pointed out that challenges to the Fed's independence could prompt board members to take a tougher stance and delay the decision to cut rates. The investigation involves cost overruns in the renovation project at the Fed's headquarters. Quirijns believes this is a means of putting pressure on the Fed chairman, which could result in a postponed rate cut.