By Kevin Buckland and Vidya Ranganathan

SINGAPORE (Reuters) -Global investors were shell-shocked on Tuesday after U.S. President Donald Trump struck another blow at the Federal Reserve’s independence, caught between the concerns over politicisation of policy and the payoffs for markets.

Trump’s announcement he was firing Fed Governor Lisa Cook surprised markets, even though he had made clear last week that Cook was a target and has for months attacked Chair Jerome Powell as part of his campaign to get the Fed to cut rates.

“It’s another crack in the edifice of the United States and its investibility,” said Kyle Rodda, a senior financial market analyst at Capital.com in Melbourne.

Rodda said he was concerned about the motives of the Trump administration, that the move was not to preserv

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