Dollar Remains Weak Amid Ongoing Concerns Over Fed Independence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2025
0mins
Source: WSJ
Federal Reserve Controversy: President Trump announced the immediate firing of Fed Governor Lisa Cook over mortgage fraud allegations, raising concerns about the independence of the Federal Reserve.
Legal Action: Cook is suing Trump, claiming the allegations are unfounded, and has stated she will not resign, potentially leading to a prolonged legal battle.
Impact on Dollar: The dollar has shown slight recovery but remains under pressure due to ongoing uncertainties regarding the Fed's leadership and interest rate policies.
Potential Replacements: Analysts suggest that Trump's allies, including Stephen Miran and David Malpass, could be appointed to the Fed, which may shift the board's stance towards favoring interest rate cuts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
