Key Republican senators, including Tim Scott, are publicly defending Federal Reserve Chair Jerome Powell amid a criminal investigation initiated by the Trump administration. In recent testimonies, Scott and other top Republicans asserted that Powell has not committed any crime, emphasizing their belief in his integrity. Meanwhile, Trump has called for the investigation to continue to its conclusion, raising concerns about the implications for the independence of the Federal Reserve. This ongoing discourse around Powell is creating market reactions, with notable fluctuations in financial sectors as the pressure mounts.