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Analyst: Federal Reserve's Future Direction Filled with Uncertainty
BlockBeats News, August 26th, following the dismissal of Federal Reserve Board member Lisa Cook by U.S. President Trump on suspicion of mortgage application information fraud, the yield on U.S. Treasury bonds with a maturity of five years or more rose in Asian trading. Danske Bank analyst Asger Wilhelm Dalsjo stated in a report: "This unprecedented move may test the Fed's independence, and Cook's departure will allow Trump to further reshape the Fed's board of governors, potentially impacting future monetary policy." Cook has denied these allegations. The market's reaction has been reflected in the change in U.S. Treasury bond yields, indicating potential policy changes and uncertainty about the Fed's future direction. (FXStreet)
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