Trump’s Removal of Fed Governor Cook Sparks Market Concerns Over Monetary Policy Uncertainty

President Trump’s recent decision to remove Lisa Cook from the Federal Reserve Board has ignited a debate regarding monetary policy independence and market sentiment. Amidst ongoing legal challenges, White House Director Brian Hassett has recommended a leave for Cook while litigation proceeds. This move has raised concerns about potential disruptions in the US monetary system, affecting the stability of stablecoins and DeFi tokens sensitive to interest rates.