27 Aug 2025
USD: Risk of facing deeper Fed rate cuts – BBH
US Dollar (USD) is firmer across the board, though it continues to trade within this month’s narrow range. Nevertheless, political interference with the Fed’s independence and a dovish Fed will continue to undermine USD , BBH's FX analysts report.
Cook might return to work while legal proceedings are ongoing
"Fed Governor Lisa Cook's exit from the Fed could ultimately give President Donald Trump greater opportunity to tighten his grip on the central bank by appointing a replacement aligned with his dovish monetary policy agenda. In the meantime, Cook is seeking court approval for her continued right to carry on in her role at the Fed. If it succeeds, she could return to work while legal proceedings are ongoing."
