Stocks Shrug Off Trump's Bid to Remove Fed's CookStock Market News From Aug. 26, 2025: Dow Rises After Trump Targets CookLast Updated:Updated 8 hours agoStocks shrugged off President Donald Trump's bid to remove Federal Reserve governor Lisa Cook, but the move is stirring up some trouble in Treasuries.The Dow was flat, and the S&P 500 was up 0.1%. The tech-heavy Nasdaq Composite was up 0.2%. The slight move in the three main indexes this morning mirrors yesterday’s price action.It comes after Trump announced Cook’s removal from the Fed’s Board of Governors, effective immediately. Forcing out Cook would allow Trump to appoint a loyalist who can heed to his demands on lowering rates. The need for a politically independent Fed is so that the central bank can take actions that might hurt the economy in the short term, but set it on a more appropriate long-term trajectory with stable prices.