U.S. President Trump stated that he would dismiss Federal Reserve Governor Cook if she does not resign voluntarily.
Previously, Federal Reserve Chairman Powell pointed out that the risks to employment are rising and hinted at a possible adjustment to interest rates.
After the remarks by Powell and Trump, the yield on U.S. 2-3 year Treasury bonds fell by at least 10 basis points.
The U.S. dollar fell 1% against the Japanese yen, marking the largest intraday decline since August 1, hitting a new low of 146.83

U.S. President Trump stated that he would dismiss Federal Reserve Governor Cook if she did not resign voluntarily. Previously, Federal Reserve Chairman Powell pointed out that the risks of a downturn in employment are rising and hinted at a possible adjustment of interest rates. After Powell and Trump spoke, the yield on U.S. 2-3 year Treasury bonds fell by at least 10 basis points. The dollar fell 1% against the yen, marking the largest intraday decline since August 1, hitting a new low of 146.83

Trump threatens to fire Federal Reserve Governor Cook after Powell's dovish remarks