Trump’s Unprecedented Fed Move Sparks Market Uncertainty
President Donald TRUMP has made history by dismissing a Federal Reserve board member amid an ongoing criminal investigation, marking the first such presidential intervention in the Fed's 111-year existence. The abrupt removal of Cook—prior to any conviction—invokes constitutional authority and parallels Trump's aggressive trade policies, including escalated tariffs on China.
Financial markets face heightened volatility as this executive action coincides with Trump's broader economic disruptions. cryptocurrency investors are particularly sensitive to these developments, as unconventional monetary policy shifts often drive capital toward alternative assets. The lack of precedent for such interventions raises questions about institutional stability during a period of global trade tensions.