Dollar Drops, Yields Rise: Trump’s Move Against Fed Governor Sparks Chaos

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In today’s video, we break down a major story shaking markets: Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook — a move raising serious concerns about central bank independence and the future of monetary policy in the U.S.

📌 Here's what we cover:
- Why Trump’s move to oust Cook could reshape the Federal Reserve Board
- How the U.S. dollar reacted, slipping against major currencies
- A spike in the 30-year Treasury yield to 4.93% — and what that tells us about inflation fears
- Market speculation about a September Fed rate cut
- The widening yield curve and what it means for long-term U.S. debt
- S&P Global’s warning on potential U.S. credit rating pressure
- Legal implications of Trump’s attempt and Cook’s refusal to resign
- Broader impact on global markets, including rising UK bond yields
Insights from Fed Chair Jerome Powell and future expectations for Fed independence

📉 This political interference could have massive consequences for the U.S. economy, interest rates, inflation expectations, and national debt.