fromLondon Business News | Londonlovesbusiness.com
1 day agoDollar steadies, Fed independence concerns persist - London Business News | Londonlovesbusiness.com
President Donald Trump's attempt to dismiss Fed Governor Lisa Cook over fraud allegations has intensified concerns about the central bank's independence. Markets view the episode as part of a broader effort by Trump to increase influence over monetary policy, which could undermine confidence in the dollar. Cook's removal could pave the way for more dovish appointments, accelerating the prospect of rate cuts.