Concerns about the independence of the Federal Reserve persist, causing the dollar to fall.

After Trump dismissed Federal Reserve Board member Lisa Cook, concerns about the independence of the Federal Reserve continued to exist, and the dollar fell. Analysts at Deutsche Bank said in a report that these concerns prompted investors to digest faster interest rate cuts and higher inflation. Meanwhile, reports stated that Trump fired Robert Primus, a member of the Surface Transportation Board, on Wednesday. This move heightened concerns that Trump is attempting to control independent government agencies. Additionally, US Treasury Secretary Benson said that the next Federal Reserve chairperson will be announced in the fall. He also reiterated his call for an internal review of the Federal Reserve.