Trump's Attempt to Remove Fed Governor Sparks Concerns Over Leadership Changes

According to BlockBeats, U.S. President Donald Trump attempted to dismiss Federal Reserve Governor Cook earlier this week, raising concerns about the government's potential reshaping of the Fed's leadership and pushing for interest rate cuts. IMF First Deputy Managing Director Gita Gopinath commented on the relatively calm market, stating, "Clearly, the market still believes in the Fed's independence in setting monetary policy rates, particularly in maintaining operational independence. I think the situation is more concerning than the market currently reflects, but we still need to wait and see."