India, Aug. 26 -- The major U.S. index futures are currently pointing to a slightly lower open on Tuesday, with stocks likely to add to the losses posted in the previous session.
Concerns about the Federal Reserve's independence may weigh on Wall Street after President Donald Trump said he is removing Fed Governor Lisa Cook from her position.
In a letter to Cook posted on Truth Social, Trump accused her of making false statements on one or more mortgage agreements.
However, Cook responded with a statement claiming Trump does not have the authority to fire her and said she will not resign.
"I will continue to carry out my duties to help the American economy as I have been doing since 2022," said Cook.
Negative sentiment may also be gene...