Reported 3 days ago
The U.S. dollar remained steady as investors expressed concerns over the Federal Reserve's independence following President Trump's calls for Fed Governor Lisa Cook's resignation, amid upcoming remarks from Chair Jerome Powell that may shape interest rate expectations. While the dollar was stable and the Japanese yen held gains, concerns over potential political interference could impact the Fed's credibility and influence monetary policy. Investors are awaiting Powell's speech to gauge the Fed's stance on a potential rate cut at the upcoming meeting.
Source: YAHOO