President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook is unlikely to affect the U.S. central bank's path toward cutting interest rates next month, but it creates new uncertainties about what happens after that meeting amid the unprecedented attack on the Fed's independence.

On Friday, Federal Reserve Chairman Jerome Powell indicated the possibility of interest rate cuts in the coming months.

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to