Fed event happens!

On the morning of the 26th, Trump dismissed Fed board member Cook and it took effect immediately.
👉Reasons for impeachment
Trump questioned the integrity of Cook for making false statements in mortgage applications (reporting primary residence in two locations) and dismissed him based on the Constitution and the Federal Reserve Act.
👉 Why Cook?
The first Black woman to serve as a governor of the Fed. She was a senior economist on the Council of Economic Advisers during the Obama administration. Nominated by Biden in 2022 and confirmed by the Senate to join the Fed, she was reappointed in 2023, with a term lasting until 2038.
Belonging to the "hawkish" or cautious camp, he warned that Trump's trade policy could suppress productivity, forcing the Fed to raise interest rates to combat inflation, which contradicts Trump's "strong push for rate cuts", becoming an obstacle to policy. Dismissing Cook is to eliminate the "opposition" on monetary policy.
👉Fed's open and covert struggles
The Fed board members consist of 7 members of the board, belonging to the Federal Open Market Committee (FOMC), participating in the formulation of monetary policy (interest rates, quantitative easing, etc.), and also responsible for financial supervision and policy research. As a board member, Cook's votes and opinions influence the direction of U.S. monetary policy, such as her previous statements on the economy and interest rates, which are part of the core decision-making team.
Trump wants to control the Fed Board (7 members), and has currently nominated his confidants. After dismissing Cook, he can fill the vacancy, making the board members more inclined to cooperate with his interest rate cut requests, achieving dominance over monetary policy (for example, cutting rates before the 2024 election).
If successful, they may hold four of the seven seats early next year, influencing monetary policy.
👉Deep Logic
The Fed's "political independence" is the cornerstone of financial stability in the United States. However, Trump's actions this time essentially test the boundaries of "political intervention in the central bank": attempting to transform the Fed from an "independent institution" into a "tool of White House policy" through "legal excuses + personnel purges." Cook, as a key board member nominated by the Democratic Party and opposed to the policies, naturally becomes the first target in this game.
Trump's dismissal of Cook is a triple overlay of policy demands, power ambitions, and public opinion calculations, with impacts that far exceed individual retention or departure, and are more related to the future independence of the Fed and the stability of the global financial order. #ETH创历史新高# #鲍威尔鸽派发言# #Gate Alpha空投FST#