Trump Doubles Down on Fed Changes, Burnham Risks Starmer Mistakes | The Opening Trade 7/2/2026

President Donald Trump and his administration are pursuing changes to the Federal Reserve following a Supreme Court decision this week that blocked an effort to remove Governor Lisa Cook. Some Labour Party members have expressed concern that Andy Burnham may not allow sufficient preparation time for his government, as he plans to delay announcing key personnel appointments until after the Labour Party completes its formal leadership selection process. This timeline would leave newly appointed ministers a limited period to prepare before taking office.

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