Instant View: Analyst reaction to Trump firing Fed’s Cook

Instant View: Analyst reaction to Trump firing Fed’s Cook

Source: EODHD - https://www.investing.com/news/economy-news/instant-view-analyst-reaction-to-trump-firing-feds-cook-4210002
Published: Aug 25, 2025 8:55 PM

SINGAPORE (Reuters) -U.S. President Donald Trump on Monday took the unprecedented action of firing Lisa Cook, the first African-American woman to serve as a Federal Reserve governor, over claims of mortgage borrowing impropriety. The U.S. dollar softened across the board after the news. COMMENTS: TONY SYCAMORE, MARKET ANALYST, IG, SYDNEY: "Trump’s removal of Cook, following his relentless pressure on Fed Chair Jerome Powell that saw the Fed Chair buckle last week, reignites questions around the Fed’s independence and further undermines its ability to maintain impartial monetary policy free from political influence." CHRISTOPHER WONG, CURRENCY STRATEGIST, OCBC, SINGAPORE: "The move is another...

Market context: This update is relevant to USD traders, with USDJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.