US dollar falling on this further and sustained attack on Fed independence. While FX vs. the USD is jumping Gold is surging.
Trump is doing everything he can to get the Fed to cut interest rates. He’ll seek to replace Cook with a ‘yes man’ who will do whatver Trump wants if the effort to sack Cook is successful.
Trump posted the firing on his social media app, with a pic of the letter:
This article was written by Eamonn Sheridan at investinglive.com.