Fed's Cook: Will continue to carry out duties as Fed Governor

US Federal Reserve (Fed) Governor Lisa Cook said on Tuesday that she will not resign following President Donald Trump’s announcement of her removal.

Key quotes

No cause exists for me to be fired.

I will continue to carry out duties as Fed Governor.

Aug 26, 2025

US Dollar Index corrects to near 98.30 as Trump fires Fed’s Cook

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, corrects to 98.30 during the Asian trading session on Tuesday, following a decent recovery move the previous day.

EUR/USD trims gains below 1.1650 as Fed Governor Cook defies Trump

EUR/USD holds gains after registering more than three-quarters of a percent in the previous session, trading around 1.1630 during the Asian hours on Tuesday.