Newsig · MarketWatch
Trump ramps up battle to fire Fed’s Lisa Cook. Her lawyers say there’s no basis to remove her.
Trump wants the committee to report on whether there are grounds for Cook’s removal from office. She hasn’t been charged with a crime.
Why it matters
SPY (SPDR S&P 500 ETF) · Why linked: Direct challenge to Fed independence is a major macro event affecting equities broadly. Market context: Increased uncertainty about Fed independence could pressure equity valuations and raise risk premia.
TLT (20+ Year Treasury) · Why linked: Threats to Fed independence affect monetary policy expectations and long-dated yields. Market context: Doubts over Fed credibility could add volatility to Treasury yields and bond prices.
DXY (US Dollar Index) · Why linked: Fed independence concerns influence currency market perceptions of U.S. policy stability. Market context: Concerns about central bank credibility may weigh on the dollar's safe-haven premium.
How SPY, TLT usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| SPY | 19 | +0.70% | 63% |
| TLT | 20 | +0.74% | 60% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy