Trump's Fed Aggression Poses New Legal Test of Presidential Power Move to fire Federal Reserve governor Lisa Cook comes after the Supreme Court signals intention to protect central bank's independence Image: Federal Reserve governor Lisa Cook says she won't resign from the central bank. PHOTO: SAUL LOEB/AGENCE FRANCE-PRESSE/GETTY IMAGES By Jess Bravin Updated Aug 26, 2025 08:11 p.m. ET WSJ news headline 26 August 2025

Are we in a constitutional crisis, yet, or did we skip that part?

#USA #USFed #FederalReserve #USCentralBank

Trump said:

“We will soon have a majority in the Fed”

at his press conference today.

Buckle up.

#USA #USFed #USFederalReserve #USCentralBank #finance #economics

Dollar Drops as Trump Says He’s Firing Fed’s Cook: Markets Wrap The dollar weakened and investors sought traditional safe-haven assets after President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, stoking concerns over the central bank’s independe...

Trading #markets were already shaky. Risk sentiment will fall further. The Fed's credibility is now under the spotlight after Trump sought to remove Lisa Cook. The US dollar will suffer as #Fed independence comes under increasing strain.

#USCentralBank #finance
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www.bloomberg.com/news/article...

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