#特朗普罢免美联储理事库克 This morning at 8 AM, Trump claimed he would fire Federal Reserve Board member Cook, stating he has legal grounds; however, U.S. Federal Reserve law stipulates that the president cannot unilaterally fire a board member and must follow legal procedures, and there are no historical cases of a Federal Reserve board member being dismissed for wrongdoing. This firing controversy serves two purposes: one is to arrange for 'his people' to vote ahead of the September Federal Reserve meeting; the second is to 'kill the chicken to scare the monkey', warning those who are disobedient. This news caused a short-term plunge in U.S. stocks, bonds, and foreign exchange; previously, Powell hinted at a dovish stance suggesting a rate cut in September, yet Trump continues to take action. Trump's move is seen as a serious interference in the independence of the Federal Reserve.