Trump says he’s firing Fed Governor Lisa Cook
The US Treasury return curve, US President Donald Trump’s Central Bank of the Board of Directors of the Federal Reserve Governor Lisa Cook after moving short -term returns and long -term returns increased.
2 -year efficiency, while 4 basis points lower to 3.685%, 30 -year yield He added more than 2 points to 4.911 %. The 10 -year Treasury return was 4.26%and 2 basis points lower. A basic point is equal to 0.01% and the yields and prices move in opposite directions.
Investors bet lower rates in the near future, but Trump announces the removal of Cook from the position of Cook through a writing on the platform and higher rates in the independence of the Fed in the long run. Real social.
President, Federal Housing Finance Agency Director Bill Pulte said Cook’s allegations that one or more of the mortgage agreements made the wrong statement.
Cook said in a statement on Tuesday, the president was not the authority to do so. Cook said on Monday evening, Trump claimed that he claimed to be “expel me” to “expel me” when there was no reason under the law. Cook, the first black woman, the Fed Governor, said that he would continue to serve in his role.
“The president will do the Federal Reserve Board of Directors again next year and do it in unusual ways – we have experienced a resignation to accelerate this change, and now we experienced a resignation.” He said. “Trump essentially usurped the Fed’s further guidance function for now and says that lower rates have come to the markets, which manifests a more steep yield curve and short -term treasures fall like a rock.”
And thus investors bet that the FED will be less attentive to inflation in the future, making the ownership of long -term bonds less favorable and sending these rates lower. The US dollar fell against various currencies for a similar reason.
Investors also separated a series of economic report on Tuesday. Reading the US -resistant goods orders of July was better than the economists who participated in the survey by Dow Jones. Consumer confidence data for August were also stronger than expected.
Now, personal consumption expenditures, an inflation indicator that the FED preferred, will look at the price index, then look at the clues for the clues that the low rates of low rates of the central bank will make sense, regardless of the political rape of Trump’s political rape.
