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Good morning from the Financial Times.
Today is Wednesday, August 27th, and this is your FT News Briefing.
Yesterday was a bad day to be a bond, and the U.S. has offered a post-war plan for Ukraine.
Plus, U.S.
President Donald Trump is making his strongest push yet against central bank independence.
I'm Mark Filippino, and here's the news you need to start your day.
You have heard us talk a lot about the independence of the Federal Reserve lately.
Donald Trump has been threatening to fire Jay Powell
because the Fed chair has refused to lower interest rates this year.
But now Fed independence has hit its biggest challenge yet.
Trump said he was firing Fed Governor Lisa Cook late Monday night, and in response, long-term U.S.
Treasuries sold off.