BOFA: POWELL PROBE COULD DELAY RATE CUTS Bank of America says a Justice Department investigation into Fed Chair Jerome Powell adds risk to the outlook for U.S. rate cuts. While markets have reacted calmly, BofA warns the probe could embolden hawkish policymakers and make easing harder. The bank adds that an upcoming Supreme Court case involving Governor Lisa Cook may be more important for future policy than the choice of the next Fed chair.(*Walter Bloomberg)