Trump fires Fed Governor Lisa Cook - here's what it means for your dollar
Key Points
- Lisa Cook was removed from her position as Federal Reserve G...
Getting fired by presidential tweet is awkward enough, but Federal Reserve Governor Lisa Cook just experienced something far worse: getting fired by Donald Trump for allegedly questionable mortgage loans. That's like being kicked out of a chess club for playing checkers poorly.
The dollar immediately threw a tantrum, dropping 0.4% faster than you can say "constitutional crisis," while the euro and sterling popped up 0.3% like opportunistic siblings claiming the vacant front seat. Welcome to Tuesday, August 26, 2025, where presidential authority meets monetary policy in what legal scholars are...
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