On August 26, U.S. Treasury yields with maturities of five years or longer rose in Asian trading after President Trump fired Federal Reserve Governor Lisa Cook over allegations of fraudulent mortgage application information. Danske Bank analyst Asger Wilhelm Dalsjo said in a report: "This unprecedented move could test the independence of the Federal Reserve, and Cook's departure will allow Trump to further reshape the Federal Reserve Board, potentially influencing future monetary policy." Cook denied the allegations. The market's reaction was to changes in U.S. Treasury yields, reflecting potential policy changes and uncertainty about the Fed's future direction. (Jinshi)
Analysts: The future direction of the Federal Reserve is full of uncertainty
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