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Comey Sacking Creates Problems For Russian Probe

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The most prominent congressional investigation into Russian meddling in the U.S. election — and possible ties to President Donald Trump’s campaign — faces its toughest test yet after the firing of FBI Director James Comey.

Senate Intelligence Committee Chairman Richard Burr, a Republican, and Vice Chairman Mark Warner, a Democrat, have sought to present a bipartisan front in the high-pressure probe, and both have said Comey’s FBI was cooperating by providing information to the panel. Now they must start a new relationship with acting FBI Director Andrew McCabe, and later with a new director nominated by Trump and confirmed by the Senate.

Both senators also must contend with what’s likely to be an even more poisoned atmosphere in the Capitol with Democrats seeing “Nixonian” signs of a coverup in Comey’s dismissal by Trump on Tuesday. The president has repeatedly rejected the U.S. intelligence community’s conclusion that Russia intervened in the election to help him defeat Democrat Hillary Clinton.

Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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