DOWNLOAD
Decoding Markets: Trump’s historic Fed move sparks uncertainty
Trump’s move to remove Lisa Cook presents an extraordinary challenge to Fed independence.
By Janssen Roman
Access this content:
If you are an existing investor, log in first to your Metrobank Wealth Manager account.
If you wish to start your wealth journey with us, click the “How To Sign Up” button.
In a historic move, US President Donald Trump announced the immediate removal of Federal Reserve (Fed) Governor Lisa Cook, citing alleged false statements in mortgage applications.
This marks the first time a sitting president has attempted to directly remove a Fed Governor, raising serious questions about central bank independence. Cook, the first Black woman on the Fed board, denies the allegations and asserts that Trump lacks the legal authority to dismiss her.
The controversy is expected to spark a high-profile legal battle, with implications for monetary policy, governance, and political influence over the Fed. Trump’s push to replace Cook aligns with his broader strategy to reshape the Fed and accelerate interest-rate cuts ahead of the 2026 election.
Highlights
- Historic first: No p
Read More Articles About: