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Trump's Firing of Fed Director Sparks Market Concerns, Dollar Rebound Stalled
Summary: According to sources, Swiss bank analyst Ipek Ozkardeskaya reported that Trump's firing of Fed director Lisa Cook has put the market on edge, halting the dollar's rebound. Market expects Cook to be replaced by a rate-cut advocate, as Cook had warned that tariffs could raise prices, forcing policymakers to maintain higher rates. This event has ...
According to sources, Swiss bank analyst Ipek Ozkardeskaya reported that Trump's firing of Fed director Lisa Cook has put the market on edge, halting the dollar's rebound. Market expects Cook to be replaced by a rate-cut advocate, as Cook had warned that tariffs could raise prices, forcing policymakers to maintain higher rates. This event has reignited concerns about the Fed's independence, weakening confidence in the US market. The US Treasury yield curve steepens, reflecting that short-term rate cuts may lead to long-term inflation.
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Link: Trump's Firing of Fed Director Sparks Market Concerns, Dollar Rebound Stalled [Copy]
