Reported about 9 hours ago
U.S. President Donald Trump's unprecedented decision to fire Lisa Cook, the first African-American woman on the Federal Reserve board, has raised significant concerns about the Fed's independence and the implications for U.S. monetary policy. Analysts suggest the market response has been muted, potentially influenced by uncertainties regarding future appointments and the ongoing pressure for rate cuts. The decision may trigger a softening in the U.S. dollar and further increase speculation about a dovish shift in the Federal Reserve.
Source: YAHOO