NY Futures Fall After Trump Announces Fed Director Lisa Cook’s Dismissal

New York futures indexes are trading lower this Tuesday (26) following the recent attempt by U.S. President Donald Trump to interfere in the Federal Reserve administration, leading to the dismissal of Fed director Lisa Cook. Trump announced via Truth Social on Monday night that he had fired Lisa Cook after a week of accusations involving mortgage fraud. In response, Cook stated that the President lacks the authority to remove her and that she ‘will not resign,’ indicating a potential legal dispute ahead. The President also met with South Korean President Lee Jae Myung without altering the current 15% import tariff agreement between the two countries.