美联储理事丽莎·库克（Lisa Cook）的律师周二表示，将就美国总统特朗普解除库克职务一事提起诉讼。 库克的律师Abbe Lowell在一份声明中说： 特朗普总统无权罢免美联储理事丽莎·库克。他试图仅凭一封移交函就将她解职，这在事实和法律上都毫无依据。我们将提起诉讼，挑战这一非法行为。 媒体分析指出， 如果库克提起诉讼，该案件最终可能会由美国最高法院裁决。 1913年《联邦储备法》规定，美国总统只能在"有正当理由"的情况下罢免美联 储理事会的成员。长期以来，这一"正当理由"被理解为渎职或失职等严重不当行为。 在对罢免令提出异议时，库克可以立即寻求禁令，使自己在诉讼进行期间恢复职位。 特朗普解雇库克事件 上周，美国司法部对库克展开刑事调查。此前，联邦住房金融局的Bill Pulte指控库克在住房抵押贷款申请中作虚假陈述。Pulte指出，库克据称在密歇根州和佐 治亚州房产的文件上签字，声称每处房产都是她的主要住所。他称此举是为了可能获得更低的利率和更优惠的贷款条件。这些文件的签署时间早于库克加入美 联储。 特朗普周一晚间在致库克的信中引用了这些指控，并以此通知她被免职。 库克周一在声明中回应称："特朗普总统声称 ...

Group 1 - The core viewpoint of the articles revolves around the political interference in the Federal Reserve, particularly the dismissal of Lisa Cook by President Trump, which is seen as a threat to the Fed's independence and could have significant implications for global financial markets [1][3]. - Former Treasury Secretary Janet Yellen criticized Trump's actions as illegal and dangerous, warning that they could undermine the credibility of U.S. monetary policy both domestically and internationally [3][1]. - Yellen highlighted Trump's insistence on interest rate cuts to alleviate the burden of the $37 trillion government debt, suggesting that such actions could lead to disastrous consequences [3]. Group 2 - The current market conditions for gold indicate a potential breakout from a converging triangle pattern, with significant price levels at $3400 and $3350, which will determine the market's direction [5][7]. - Technical analysis suggests that if gold closes above $3400, it may lead to a bullish trend, potentially reaching historical highs, while a close below $3350 could indicate a bearish outlook [7][5]. - The market is currently influenced by external factors such as tariffs and geopolitical tensions, but the primary concern remains the challenge to the Federal Reserve's independence, which could significantly impact gold prices [8].

Core Viewpoint - The ongoing conflict between President Trump and the Federal Reserve is escalating, with significant implications for the Fed's independence and monetary policy direction [2][10]. Group 1: Federal Reserve's Independence - Trump's actions, including the dismissal of Fed Governor Lisa Cook, are seen as unprecedented attacks on the Fed's independence, potentially leading to higher inflation and decreased credibility [9][10]. - Analysts warn that if Trump successfully alters the composition of the Federal Reserve Board, it could lead to a shift towards more accommodative monetary policy, undermining the Fed's traditional data-driven approach [10][11]. Group 2: Impact on Monetary Policy - The Federal Reserve's current stance remains moderately restrictive, with officials indicating that rate cuts may be appropriate in the future, depending on economic conditions [3][4]. - The potential for Trump to influence the selection of regional Fed presidents could significantly impact monetary policy decisions, particularly if he gains a majority on the Fed Board [7][11]. Group 3: Market Reactions - The bond market has begun to show signs of distortion, with a steepening yield curve indicating rising inflation expectations and risk premiums due to perceived threats to the Fed's independence [4][11]. - Despite current market calmness, there is a growing concern that the political influence over the Fed could lead to increased volatility and higher inflation in the long term [10].

Core Viewpoint - The market's muted reaction to President Trump's unprecedented dismissal of a Federal Reserve governor indicates a lack of heightened concern, despite the significant challenge to the independence of the central bank [1] Group 1: Market Pricing and Reactions - The event has already been priced into the market, as Trump's previous criticisms of the Federal Reserve and his desire for lower interest rates were well-known [2] - Trump is expected to control the Federal Reserve Board by May next year, having already appointed three governors, which diminishes the immediate impact of the dismissal [3] - Lisa Cook, the dismissed governor, asserts that Trump lacks legal grounds for her termination, potentially leading to a legal battle that could either reinforce or challenge the limits of presidential power [4] Group 2: Implications for Federal Reserve Leadership - The focus on Cook may alleviate pressure on Fed Chair Jerome Powell, who has been a target of Trump's criticism, as the market's attention shifts [5] - Current appointees to the Federal Reserve do not appear to be mere "yes men" for Trump, as their actions suggest a more nuanced approach to monetary policy [6] Group 3: Potential Risks and Market Behavior - Investors may consider strategies such as betting on short-term interest rate declines while anticipating rising long-term bond yields, reflecting concerns over the Federal Reserve's independence [7] - The market's calmness may stem from a belief that Trump will retract extreme measures in response to market sell-offs, although this assumption relies on the premise that significant market reactions will deter reckless actions [10]

Group 1: Gold Market - Gold prices continue to rise slightly as market risk aversion increases due to escalating tensions between the Federal Reserve and the White House, suggesting potential further gains in the short term [1] - The dismissal of Federal Reserve Governor Lisa Cook by Trump has raised concerns about the politicization of the Fed, threatening its independence and credibility in monetary policy [1] - Technical analysis indicates that gold is facing pressure at the $3401 level, with a potential short-term upward movement followed by a decline [1] Group 2: Oil Market - Oil prices showed weak performance with limited rebound, primarily due to OPEC+ production increases and slowing global economic growth, indicating a likely downward trend [3] - Goldman Sachs predicts a supply surplus of 1.8 million barrels per day from Q4 2025 to Q4 2026, leading to an increase in global inventories by nearly 800 million barrels by the end of 2026 [3] - The International Energy Agency's latest report suggests that global oil supply growth will significantly outpace demand growth in 2025 and 2026, exacerbating market imbalances [3] - The EIA forecasts a global oil supply increase of 2.28 million barrels per day this year, with a relatively small adjustment in demand, raising the surplus expectation to 1.64 million barrels per day [3] Group 3: Copper Market - Copper prices have shown a series of small declines, indicating a potential downward ABC pattern, with short-term rebounds likely [5] - Technical analysis suggests that copper may face resistance at the $4.43 level in the near term [5] Group 4: Nikkei 225 Index - The Nikkei 225 index has formed a bearish candlestick pattern, indicating the start of a medium-term adjustment [6] - The index is under significant pressure from long-term moving averages, with expectations of new lows in the short term [6] - Resistance is noted at the 42550 level for the index [6]

文丨陆弃 一个帖子，惊掉全球金融的下巴。8月25日，特朗普在"真实社交"上甩出一封杀气腾腾的公开信，开口 就是"立即生效"，结尾就是"你被开除了"。这不是真人秀剧本，而是美联储111年历史上的第一次—— 总统"开除"现任理事。 被轰下台的，是拜登政府提名的美联储理事丽莎·库克。理由？特朗普说她两套房子、两个地址、两次 骗贷，是"潜在犯罪行为"。字里行间透着三个字：坐牢去。但问题是，哪来的法院裁定？哪来的罪名成 立？除了一个模糊不清的举报材料和一堆借口，特朗普没有等调查结果、没有听取证词，甚至没有通知 国会，直接下手，硬生生演了一场"审判在先、程序在后"的政治清洗。 这哪是法治？分明是宫斗剧。特朗普说罢你就罢你，不讲逻辑、不讲证据，只讲忠诚。从前是"不是自 己人就干掉"，现在干脆是"你不是未来会听我的人？那我先动手为敬"。 先不说库克罪名是否成立，就算她真有瑕疵，也应由司法部来办，依法提起诉讼、审理、裁定，再依法 建议罢免。这才是现代国家应有的程序。可特朗普跳过一切，直接下手，活生生把美联储理事当成了海 湖庄园的门房，今天心情不好了就可以踢出去。 而且这事真就这么巧？8月初，美联储另一名理事库格勒刚刚"主动辞职 ...

Report Industry Investment Rating - Zinc investment rating: Oscillating weakly [1] Core Viewpoints - Zinc trend strength is 0, indicating a neutral view [3] Summary by Relevant Catalogs Fundamental Tracking - **Prices**: The closing price of SHFE zinc main contract was 22,310 yuan/ton, up 0.18%; the closing price of LME zinc 3M electronic disk was 2,807 dollars/ton, up 0.05% [1] - **Trading Volume**: The trading volume of SHFE zinc main contract was 114,993 lots, an increase of 21,819 lots; the trading volume of LME zinc was 8,014 lots, a decrease of 233 lots [1] - **Open Interest**: The open interest of SHFE zinc main contract was 107,827 lots, a decrease of 891 lots; the open interest of LME zinc was 192,457 lots, an increase of 964 lots [1] - **Premium and Discount**: Shanghai 0 zinc premium/discount was -45 yuan/ton, down 5 yuan/ton; LME CASH - 3M premium/discount was -4.61 dollars/ton, up 2.89 dollars/ton [1] - **Inventory**: SHFE zinc futures inventory was 36,213 tons, a decrease of 153 tons; LME zinc inventory was 60,025 tons, a decrease of 5,500 tons [1] News - The selection of the Fed Chairperson will be announced in autumn, with 11 potential candidates, and the final 3 - 4 candidates will be recommended after interviews [2] - Next week, the US Congress will have a crucial vote on the Fed's independence, which is highly politicized due to Trump's decision to fire Fed Governor Cook [2]

Report Summary 1) Report Industry Investment Rating No specific industry investment rating is provided in the report. 2) Core Viewpoints - The precious metals market is expected to continue a moderately strong and volatile trend. The dovish expectation that the Fed will cut interest rates by 25BP in September is likely to dominate the market. The research team is optimistic about the medium - term trend of gold but warns that the recovery expectation from the strong performance of emerging - market equities may suppress its elasticity. The Fed is expected to restart the interest - rate cut cycle in September, and overseas liquidity will maintain an expansion trend in the next 1 - 2 quarters, which is favorable for the gold trend. The current weak economic reality has not reversed, and the "interest - rate cut + fundamental downturn" stagflation - like combination is more beneficial to gold. If the situation changes to an "interest - rate cut + recovery" combination, silver will benefit more [2][4][7]. 3) Summary by Related Content Key Information - Trump's executive order to double India's tariffs to 50% took effect. Starting from 00:01 on the 27th Eastern Time, the US imposed an additional 25% ad - valorem tariff on imported Indian goods, causing many US customers to cancel orders. - The Trump administration is considering exerting greater influence on the 12 regional reserve banks of the Fed. Trump claims to remove Fed Governor Lisa Cook from office, and if approved by the court, he will have the opportunity to control a majority of seats on the seven - member Fed Board of Governors. - Fed's Williams is quite optimistic about the economic situation, stating that the Fed may still maintain a certain degree of restrictiveness after interest - rate cuts, and each meeting is full of uncertainties [3]. Price Logic - On Wednesday, gold continued its moderately strong and volatile trend, while silver weakened slightly. Concerns about the Fed's independence are intensifying, and the doubling of US - India tariffs has increased the long - term stagflation expectation in the US. The late - session decline of the domestic equity market has suppressed silver prices in the short term. Before the release of next week's non - farm payroll data, the market's expectation of a 25BP interest - rate cut by the Fed in September remains stable [2][4]. Outlook - The weekly range for spot London gold is expected to be between 3300 and 3500, and for spot London silver, it is expected to be between 36 and 40 [7]. Index Data - On August 27, 2025, the comprehensive index of CITIC Futures Commodity was 2211.28, down 0.50%; the Commodity 20 Index was 2459.50, down 0.54%; the industrial products index was 2244.49, down 0.59%. The precious metals index was 2729.16, with a daily decline of 0.16%, a 5 - day increase of 1.02%, a 1 - month increase of 1.05%, and a year - to - date increase of 23.36% [46][48].

前纽约联储主席警告，特朗普罢免美联储理事或引发"不可设想的后果" 前纽约联储主席、瑞银集团非执行董事比尔·杜德利（Bill Dudley）27日撰文警告，市场低估了美国总统 特朗普罢免美联储理事库克的举动所带来的威胁。 "即使特朗普掌控美联储的可能性微乎其微，这一努力本身具有破坏性。而且一旦成功，后果不堪设 想。"杜德利补充道，"市场过于自满。" 诉讼程序箭在弦上 白宫国家经济委员会主任凯文·哈西特27日表示，尽管美联储理事库克计划就特朗普将其罢免一事提起 诉讼，她也应该暂时离开美联储的工作。 "如果我是她，处在她那样的境地，我会选择休假，"哈西特在白宫外对记者表示。 在被问及库克是否应在抵押贷款欺诈指控进入司法程序前，被推定无罪时，哈西特补充称，暂时休 假"是光明磊落的做法。" 市场分析认为，此案最终解释权或将诉诸美国最高法院。 杜德利认为，总统"因故"（for cause）解雇美联储理事将涉及漫长的法庭程序，并且可能需要提供其在 履行公务时存在渎职或玩忽职守的证据。即使证据确凿，即如政府声称的，库克在上任前申请住房贷款 时将两处不同住所同时申报为主要居所、因此违法——也很可能达不到"因故"这一标准。 根据 ...

来源：市场资讯 当特朗普解雇美联储理事的消息震动华尔街，当花旗策略师建议押注美元走弱、做多欧元兑美元时，市 场正在经历又一场由政策不确定性引发的波动。这些瞬息万变的动态，正是外汇投资者每日需要面对的 现实。在这样的市场环境中，一个能够提供全面资讯和及时行情的平台显得尤为重要，而新浪财经APP 外汇频道正是为此而生。 每天清晨，当您打开新浪财经APP外汇频道，全球外汇市场的最新动态便尽在掌握。无论是美联储人事 变动这样的重大政策事件，还是非农数据公布这样的经济指标，都能在第一时间通过快讯形式推送到您 的手机。您可以看到美元指数的最新走势，也能了解到欧元、日元、英镑等主要货币对的实时行情。这 些行情数据与国际主流市场保持同步，让您不错过任何重要的市场变化。 在信息爆炸的时代，单纯的价格数据往往不足以支撑投资决策。新浪财经外汇频道的价值在于，它不仅 提供行情，更提供深入的市场分析。当美联储独立性受到质疑时，您可以看到多家华尔街机构的专业解 读；当市场对降息预期产生分歧时，您能同时看到乐观和谨慎的不同观点。这些内容不做主观预测，而 是客观呈现市场的多重声音，帮助您形成自己的判断。 特别是在市场波动加剧的时刻，价格异动 ...