The National Australia Bank (NAB) has disclosed that U.S. President Trump intends to remove Lisa Cook from the Federal Reserve Board, a development that has cast a shadow over the USD. Rodrigo Catril, a Sydney-based strategist, remarked that should Cook be unable to legally challenge her removal, it could exacerbate market uncertainties regarding the Fed's independence. Should Trump's efforts succeed, he will have appointed four board members who share his viewpoints, raising questions about whether these appointees will uphold the Fed's independence and adhere to its dual mandate of price stability and maximum employment. In summary, this situation presents a negative outlook for the USD.
