In Donald Trump’s latest attack on the Federal Reserve he said he was sacking Lisa Cook, a governor on its board. Many fear that he is trying to take over America’s central bank to quickly lower interest rates. We explain why this crusade will be self-defeating https://t.co/rJPmH0TBMy ...

JUST IN: 🇺🇸 Treasury Secretary Scott Bessent says there are 11 strong candidates to replace Jerome Powell as Chairman of the Federal Reserve 👀"We’ll start interviews and present a shortlist to President Trump."https://t.co/JuQxC0tRxj ...

Today on “The Intelligence”: is Donald Trump politicising the Fed, assisted dying in Uruguay, and German community clubs https://t.co/rhXxsA75AD ...

US Institutional Framework & Dollar Dominance - The report suggests the US president is perceived to be challenging the US institutional framework that supports the dollar's global financial dominance [1] - Key elements underpinning the dollar's supremacy include checks and balances, the rule of law, and an independent central bank [2] - Concerns arise that these institutional elements are being undermined, particularly the independence of the Federal Reserve [3][4] Fed Independence & Political Influence - The Fed's operational independence is crucial for its effectiveness and credibility, but it's under attack [3][4] - While no central bank is entirely free of political influence, evidence suggests leaving the central bank alone is most effective [3][4] - The president's desire to bend institutions, including the Fed, to his will is seen as damaging to America's financial supremacy [6] Rule of Law & Norms - America's financial supremacy relies on everyone, including the government, playing by the rules [6][7] - The report emphasizes the importance of norms, which are being shattered, as rules cannot cover every eventuality [8] - Loyalty to the president and his policies is seemingly prioritized over technical competence [8]

“The Fed’s politicisation will contribute to an erosion of credibility.” On “The Intelligence” we discuss how Donald Trump’s attempt to fire Lisa Cook has damaged the Federal Reserve https://t.co/j4FmLGO1Il ...

Market Concerns - Investors are worried that Donald Trump's efforts to control the Federal Reserve could lead to the use of central bank tools to address America's growing debt, which is not a typical central bank function [1] Potential Risks - The market is concerned about the potential misuse of the Federal Reserve's tools to fix America's ballooning debt bills [1]

The Fed shouldn't “go to war” with the White House, says @claudia_sahm, but it can and should explain to Congress, markets and the public what is at stake (via @opinion) https://t.co/sTB7b4OhxH ...

Trump vows to go to court to remove Governor Lisa Cook, as the White House considers ways to extend its influence across the Fed's regional banks.Get the latest news you need to start your morning with the Daybreak Europe Podcast https://t.co/QD60ij2t2f ...

Bitcoin Market Analysis - Discusses reasons for Bitcoin's price decline [1] - Explores the relationship between Bitcoin and money supply [1] - Analyzes future trajectory of Bitcoin [1] - Examines Bitcoin as a consensus trade [1] US Economic Outlook - Considers feedback from Jerome Powell and Jackson Hole [1] - Assesses the situation with Lisa Cook and its implications [1] - Discusses the pressure from the White House [1] - Explores predictions for the next 10 years of the US economy [1] - Questions whether Powell will cut interest rates [1]

Federal Reserve Independence & Economic Policy - The report highlights President Trump's efforts to exert partisan pressure on the Federal Reserve (Fed), including attempts to fire a member, Lisa Cook, and influence the board's majority, raising concerns about the Fed's independence [1] - Financial experts widely view Trump's reference to investigating Lisa Cook for a mortgage application as a pretext to consolidate power over the independent Fed [1] - The Fed released a statement reaffirming its commitment to accountability and independence, indicating less compliance with Trump's desires [1] - The report emphasizes that politicians who interfere with the independence of central banks are "playing with fire," as historical examples show that autocratic control over economies often leads to market crashes, shortages, and even famine [1][2] - The weakening dollar, down 10% over the year, and increasing long-term borrowing costs are cited as practical effects of undermining the Fed's independence, leading to less purchasing power and higher loan rates for Americans [11][12] - The report mentions that short-term focused presidents may push for looser monetary policy, which might be good in the short term but bad for all in the long term if prices go up [15] Trump Administration & Power Consolidation - The report suggests Trump's actions are part of a wider effort to undermine career independence across the federal government, reminiscent of purges aimed at ousting career prosecutors and labor statisticians [1] - The Trump administration's desire to buy up private companies to exert more control is highlighted, exemplified by taking a tenth stake (10%) in chipmaker Intel [2] - The report mentions Trump musing about a dictatorship, raising concerns about the erosion of democratic norms [3][4] Epstein Case & Political Implications - Congress will question former Trump labor secretary, Alex Acosta, about the secret deal he cut in the Epstein case [29] - Ghislaine Maxwell's interview, where she claims to have never seen any problems from Trump, is viewed with skepticism, with some suggesting it was a scripted effort to seek a pardon [31][40] - The report highlights conflicting claims about the existence of an Epstein client list, with Trump's former attorney general claiming it existed and Maxwell denying its existence [36][37][38] Cultural & Political Commentary - The report touches on Trump's desire to control Hollywood and pop culture, viewing him as one of the most anti-First Amendment presidents in history [58][61]