With the increase in bond returns, weakened stocks caused a decrease in crypto currencies. PCE Price Index It came within the expectation today, so it meant an upward. However, Trump’s attempting to dismiss FED member Lisa Cook this week and the process that turned into a law of law is suffocating risk markets.
Fed chaos and first hearing
Lisa Cook’s lawyer demanded the judge to prevent his dismissal decision. Trump said he was trying to dismiss Cook for interest rate cuts. The evolution of the defense to this point explains the reason for the rise in bond rates. LAW WAR “FedIf he revolves around the slogan ‘They politicizes i, he will negatively affect the reputation of this institution, global markets and indirectly crypto currencies.
US Regional Judge Jia Cobb said it would determine the accelerated briefing calendar at today’s hearing. The chaotic process that the Fed’s independence returned to discussion and defense in the courts and could last for months began.
This means chaos for the Fed. During the day, CNBC announced that it continues to access Cook’s room and devices. So the US president is expelled and he doesn’t care about it. What will Trump do in the next stage? Will he send soldiers to the Fed and take him out of his room?
On the way to interesting days when the institutions lost their seriousness, the FED lost their independence, and the US president was accused of not obeying the laws, we mentioned that this was what was waiting for us on Monday.
Crypto coins fall
Bessent no longer even refers to Trump’s explanation and explanations about the Fed. In the first months, Trump’s comments are now silent, who tries to soften the comments as “Explanation ,, and said that Trump respects the independence of the Fed.
Cook in the case he launched yesterday today with the defense he put forward at the hearing in crypto coins brought the fall. Cook’s lawyer Abbe Lowell said in the hearing hall, “The president is dismissed because he has not removed the interest rates,” he said.
So what will happen now? Federal laws say that the institution official can be dismissed for reasons such as neglect, abuse of duty and inefficiency. The event, which was defined as Mortgage fraud, was before the start of the Cook. In other words, the court can take the Fed’s independence seriously and decide in favor of Cook and make things even more complex.
Trump’s Losing the case Fed In interest cuts Because it means he’s a tremendous Crypto Coins It is bad for. However, the Fed’s clearly entering Trump’s order will damage the reliability of the institution in the long run in the long run in crypto currencies.
This legal struggle and discussions may interfere with the appetite of interest rate cuts during September.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
