US President Donald Trump dismissed Federal Reserve Governor Lisa Cook, raising alarms regarding the US dollar's stability and the Fed's independence. Trump claimed Cook made false statements and issued a letter calling for her immediate removal. Cook refuted this, asserting that there was no legal basis for her dismissal and she would not resign.Cook's firing is seen as undermining the Fed's independence, which is critical for maintaining objective monetary policy, preventing economic manipulation, and ensuring investor confidence. Analysts worry that political interference could lead to economic instability and volatility in the dollar. Alex Obchakevich from Obchakevich Research emphasized that such actions could weaken the dollar's role as a global reserve currency. In the wake of these events, questions arose about Bitcoin's potential as an alternative; however, experts indicated it may not provide a short-term solution. Trump's earlier tensions with the Fed, including criticisms of Chair Jerome Powell, highlight ongoing friction between political leadership and monetary policy, with concerns about possible repercussions on financial markets and the economy.

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