According to Odaily Planet Daily, Evercore ISI analysts Krishna Guha and Marco Casiraghi stated in a report that Trump's attempt to fire Federal Reserve Governor Tim Cook could be a turning point, allowing the Fed to gradually "reshape" itself in line with the president's wishes. They wrote: "We believe the current baseline scenario is that the Fed will undergo a very significant 'Trumpization' by 2026." While this does not necessarily mean a drastic shift in policy and practice, "we must very seriously consider that this will lead to a break from past practices and a materially different reaction function." If Cook is forced to leave, the Fed's independence may be eroded, which could "manifest itself in a steeper yield curve, higher inflation compensation, and a higher inflation risk premium."