Analysts: The Fed's future direction is filled with uncertainty

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On August 26, after U.S. President Trump fired Federal Reserve Board of Governors member Lisa Cook for allegedly committing mortgage application information fraud, U.S. Treasury yields for five years and longer rose in Asian trading. Danske Bank analyst Asger Wilhelm Dalsjo stated in a report: "This unprecedented move could test the independence of the Fed, and Cook's departure will allow Trump to further reshape the Federal Reserve Board, which may impact future monetary policy." Cook denied the allegations. The market's reaction is reflected in the changes in U.S. Treasury yields, indicating uncertainty about potential policy changes and the Fed's future direction. ( Jin10 )

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