Federal Reserve Leadership Showdown: Hearings Trigger Concerns over Political Interference in Markets

A hearing focusing on the Federal Reserve’s independence is set to take place this Friday, with Governor Lael Brainard at the center of attention. This hearing comes amidst a controversy surrounding President Trump’s attempts to remove Lisa Cook from her position on the board, raising concerns about potential political interference in the central bank’s operations. This situation could potentially impact investor confidence and market sentiment, particularly regarding US Treasury bonds. Notably, no direct effects are reported on crypto markets like Bitcoin or Ethereum.