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Trump Moves to Fire Fed's Cook, France PM Calls Confidence Vote | Bloomberg Brief 8/26/2025
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August 26, 2025
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43:28Now PlayingLong-dated US Treasuries fall amid President Trump’s bid to oust Federal Reserve Governor Lisa Cook and a political turmoil in France. Cook disputes Trump's authority and says she won't quit. Prime Minister Francois Bayrou calls for his own confidence vote that may topple the government as soon as next month. Edward Cole of Man Group says the market is interpreting a more dovish Fed. Kathy Jones of Charles Schwab believes there is now much more uncertainty over long-term Treasuries as a result of the escalation between President Trump and Fed Governor Cook. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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