Trump's firing of Fed governor raises concerns about Fed independence

According to Kingshin data, concerns about the independence of the Federal Reserve continue to exist after Trump fired Fed Director Lisa Cook, causing the dollar to fall. Deutsche Bank analysts said this prompted investors to expect faster rate cuts and higher inflation. The Wall Street Journal reported that Trump also fired railway regulator member Robert Primos, adding to concerns about his attempt to control independent government agencies. U.S. Treasury Secretary Bescent said the next Fed chairman candidate will be announced in the fall and reiterated his call for an internal review of the Fed.