Midday News | Key Messages Overview for August 26

(7:00—12:00 Keywords: Cook, Trump, Tariffs)

1️⃣ Trump announces the dismissal of Federal Reserve Board member Cook, attracting market attention.

2️⃣ The Federal Reserve declines to respond to this decision.

3️⃣ Legal experts point out that the president can only dismiss a Federal Reserve board member for 'just cause.'

4️⃣ Trump also warns that he will impose high tariffs on countries that implement digital taxes.

5️⃣ Economists are concerned that this move could disrupt U.S. government budget arrangements.

6️⃣ Cook himself states: The president does not have the authority to dismiss me; I will continue to fulfill my duties.

7️⃣ The chair of the Ethereum Foundation says that Ethereum is driving the establishment of a more secure national identity verification system.