US Dollar Rally: Trump Moves to Control Fed, Dismisses Governor Cunliffe After Powell’s Rate-Cut Signal

COINOTAG News (Sept 4): Following Chair Jerome Powell’s Jackson Hole remarks on Aug 22, which signaled a potential Powell rate cut and shifted market odds, institutional investors and crypto markets are monitoring monetary policy messages and liquidity dynamics.

A parallel governance episode unfolded as President Trump moved to remove Fed Governor Cunliffe on Aug 26 after prior threats; Cunliffe denied any voluntary resignation, a Fed spokesperson indicated he remained a governor pending legal resolution, and Cunliffe filed suit contesting the Cunliffe dismissal, with a judge requesting additional filings on Aug 30.

Market participants will watch procedural developments this week, including the Senate Banking Committee confirmation hearing for the nominated Fed governor and an update from FHFA Director Calvert at the Beijing‑time briefing, for signals on Fed governance and regulatory oversight.

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