What it is
Pardon power is an executive prerogative granted to the President of the United States by Article II, Section 2 of the Constitution. It allows the President to grant reprieves and pardons for offenses against the United States, except in cases of impeachment. A pardon fully restores an individual's civil rights and removes the remaining penalties of a federal conviction, effectively forgiving the crime.
Presidential pardons often generate significant public and political debate, especially when granted to high-profile individuals or those with controversial cases. While primarily a legal and political matter, pardons can occasionally intersect with market news, particularly if the individual pardoned was involved in a major financial crime or political scandal that had market implications. Investors typically track pardons for their political rather than direct economic impact.
Why it matters
Pardons are significant political actions that can affect public perception of justice and accountability, though they rarely have direct market impact.
Reviewed under editorial standardsUpdated September 26, 2026Not investment advice