Trump: Dismissal of Federal Reserve Director Cook's position to take immediate effect.

Trump posted a letter to Federal Reserve board member Cook on the social media platform Truth Social, stating that Cook's position has been terminated with immediate effect. In the letter, Trump mentioned allegations related to mortgage loans as the reason for Cook's dismissal. After Trump removed Cook from his position at the Federal Reserve, both the US dollar and US bond yields fell. US stock index futures also declined, with Nasdaq 100 index futures falling by 0.2%.