Trump's dismissal of Cook may increase the likelihood of a Fed rate cut in September

ChainCatcher news, according to Jinshi reports, IG market analyst Tony Sycamore stated that President Trump’s dismissal of Federal Reserve Board member Lisa Cook has sounded the alarm for the independence of the Federal Reserve. Cook's departure increases the likelihood of a rate cut by the Federal Reserve in September, a prospect that is expected to put pressure on the dollar and provide support for stocks and other risk assets like Bitcoin.