Trump's dismissal of a Federal Reserve board member raises market concerns, hindering the dollar's rebound

ChainCatcher news, according to Jin Shi reports, Swiss bank analyst Ipek Ozkardeskaya stated that Trump's firing of Federal Reserve Governor Lisa Cook has put the market on edge, preventing a rebound of the dollar. The market expects Cook to be replaced by a dovish candidate, as Cook has indicated that tariffs could drive up prices, forcing policymakers to maintain higher interest rates. This incident has reignited concerns about the independence of the Federal Reserve, undermining market confidence in the United States. The U.S. Treasury yield curve has steepened, reflecting that short-term rate cuts could lead to rising long-term inflation.