[ABN Amro: Under Investigation Pressure, the Federal Reserve May Resist Recent Rate Cuts] Jin10 Data, January 12 – ABN Amro economist Rogier Quaedvlieg stated in a report that the investigation involving Federal Reserve Chair Jerome Powell may pose risks to the prospect of short-term rate cuts by the Federal Reserve. He pointed out that challenges to the Fed's independence could prompt Fed governors to adopt a tougher stance, delaying rate cut decisions to 'defend the Fed.' The investigation pertains to cost overruns in the renovation project of the Federal Reserve headquarters. Quaedvlieg believes this is seen as a means to pressure the Fed Chair to step down, thereby expanding government influence. He stated, 'If the situation continues to escalate, rate cuts may be postponed.'