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Trump dismisses Federal Reserve Board member! How will this disturb the market?

On August 25 local time, Trump announced that he would immediately dismiss Federal Reserve Governor Lisa Cook. In response to this news, the U.S. dollar further declined while safe-haven assets such as gold strengthened. Cook subsequently stated that Trump does not have the authority to fire her and that she will not resign. Analysts believe that Trump's actions will rekindle market concerns regarding the independence of the Federal Reserve, which may affect the composition of the Federal Open Market Committee in the future and increase the likelihood of interest rate cuts. Previously, Trump had exerted pressure on Powell, and the leadership changes at the Federal Reserve had raised market anxieties. With the independence of the Federal Reserve once again under challenge, what implications does this have for the recent U.S. stock market?
On August 25 local time, Trump announced that he would immediately dismiss Federal Reserve Governor Lisa Cook. In response to this news, the U.S. dollar further declined while safe-haven assets such as gold strengthened. Cook subsequently stated that Trump does not have the authority to fire her and that she will not resign. Analysts believe that Trump's actions will rekindle market concerns regarding the independence of the Federal Reserve, which may affect the composition of the Federal Open Market Committee in the future and increase the likelihood of interest rate cuts. Previously, Trump had exerted pressure on Powell, and the leadership changes at the Federal Reserve had raised market anxieties. With the independence of the Federal Reserve once again under challenge, what implications does this have for the recent U.S. stock market?
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