Finance & Banking — DOJ Criminal Probe Into Federal Reserve Threatens Chair Confirmation; Morgan Stanley Reports Q1 Results; Global Oil Shortage Fears Intersect With Iran Diplomacy

Finance & Banking · 2026-04-15

TODAY'S SIGNAL — The most consequential development for Finance & Banking today is the Justice Department's criminal investigation into the Federal Reserve, which the NYT reports could delay confirmation of the next Fed chair. This is an institutional crisis without modern precedent — prosecutors made a surprise visit to the Fed itself — and the uncertainty it injects into monetary policy…