Analysts: The future direction of the Federal Reserve is full of uncertainty
2025-08-26 06:21:06
US Treasury yields with maturities of five years or more rose in Asian trading after US President Donald Trump fired Federal Reserve governor Lisa Cook over alleged mortgage application information fraud. "This unprecedented move could test the Fed's independence, and Cook's departure will allow Trump to further reshape the Fed's board of governors, potentially influencing future monetary policy," Asger Wilhelm Dalsjo, an analyst at Danske Bank, said in a note. Cook denied the allegations. Markets reacted to changes in Treasury yields, reflecting potential policy changes and uncertainty about the future direction of the Fed. (Jin Ten)
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