US markets rise, looking past Powell probe

US markets rise, looking past Powell probe

US markets climbed Monday despite the Trump administration’s escalated attacks on the Federal Reserve.Several former policymakers and Fed chiefs came out against the federal investigation into Chair Jerome Powell, calling it an “unprecedented attempt to use prosecutorial attacks to undermine that independence.”But with Powell’s term ending in May, traders don’t expect the probe to impact immediate interest rate decisions.There’s “too many good t…