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Reply to "Trump removes Fed Governor Lisa Cook"
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[quote=Anonymous]And the dollar tanks within 30 minutes of her firing. https://www.reuters.com/world/middle-east/dollar-drops-after-trump-fires-feds-cook-2025-08-26/ The dollar index fell 0.3% to 98.187 after Trump made the announcement in a letter to Cook that he posted on social media. "Markets aren’t panicking, but they are recalibrating, earlier rate cuts look more likely after Cook’s removal," said Charu Chanana, chief investment strategist at Saxo in Singapore. "But this isn’t just about rate cuts, it’s about Fed independence and the growing institutional risks in the U.S." Trump's unprecedented move marks a sharp escalation of the president’s battle against the Fed, which he blames for not lowering interest rates quickly, and intensifies investor worries about the U.S. central bank's independence.[/quote]
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