Trump's Controversial Moves Against Fed and Impact on Markets
TL;DR
US Treasury yields and the dollar declined following President Trump's attempt to fire Fed Governor Lisa Cook, raising concerns over Fed independence, while US stocks rose slightly ahead of Nvidia's earnings and inflation data, amid ongoing political and economic uncertainties.
- US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up Reuters
- Donald Trump orders removal of Federal Reserve governor Lisa Cook BBC
- Trump's Fed firing: What to know and why it matters CNBC
- The Trump administration’s new weapon against foes: Mortgage filings The Washington Post
- Trump says he has fired Fed governor Lisa Cook. She says he has no ‘authority’ to fire her CNN
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