Global News Podcast Trump sacks Federal Reserve Governor
19 snips
Aug 26, 2025 Donald Trump has controversially sacked a Federal Reserve governor, raising questions about the independence of the central bank. Protests are erupting in Israel over hostage negotiations, adding to the region's turmoil. Meanwhile, Africa is seeing a surge in solar panel imports, marking a potential shift towards renewable energy. The music world bids farewell to Zimbabwean legend Thomas Mapfumo, who retires after a storied career. Tensions rise globally, highlighting the intricate dance of politics, energy, and culture.
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Fed Independence Under Threat
- Trump's removal of Fed governor Lisa Cook shocked markets and questioned central bank independence.
- Markets fear politicisation may weaken the dollar and deter long-term US investment.
Markets React To Political Risk
- Asian markets and currencies fell as investors priced in uncertainty about US monetary policy.
- A weaker dollar reduces US import purchasing power and undermines global business confidence.
Policy Uncertainty Hits Growth
- Uncertainty from Trump's policies adds to tariff unpredictability and harms global manufacturers.
- Investors dislike uncertainty, which can slow business expansion and hiring.