US EditionDollar, Longer-Dated Treasuries Slide as Trump Escalates Attack on Fed; Gold Rises
Trump's removal of Federal Reserve Governor Lisa Cook over alleged mortgage fraud raised market concerns as the dollar weakened and 30-year Treasury yields rose amid fears of compromised Fed independence.
7 Articles
7 Articles
With the announced dismissal of Governor Lisa Cook, Donald Trump intervenes directly in the work of the US Federal Reserve for the first time. The showdown is ongoing: The economist is still trying to defend herself. In the end, she only has a chance to stand up against the US President on one condition.
Dollar, longer-dated Treasuries slide as Trump escalates attack on Fed; gold rises
TOKYO: The dollar and longer-dated US Treasuries slid on Tuesday after President Donald Trump announced he was firing a Federal Reserve governor, an unprecedented move that further undermines confidence in the Fed's independence and US assets.
Georgia-born economist says she won't leave the Fed despite Trump firing her
President Donald Trump fired Federal Reserve Governor Lisa Cook on Monday. But the Georgia-born economist said she’s not going anywhere. “I will not resign,” Cook said in a statement through her attorney. “I will continue to carry out my ...
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