Dutch international bank: The impact of Cook's dismissal may only be evident in the long term.

The Dutch International Group stated that President Trump's dismissal of Federal Reserve Board member Lisa Cook, as well as the market's general view that this marks a further politicization of the Fed, is detrimental to the US dollar. However, the dollar's reaction so far has been mild. This may be because Cook is currently appealing this decision, and her departure is unlikely to have a significant impact on the Fed's upcoming meetings. The effects may only become apparent in the longer term, as the focus is currently more on the data. The true consequences of the politicization of the Fed may only be seen after Powell's term ends in May 2026.