Analysis: The "triple kill" of US stocks, bonds, and foreign exchange may stem from market doubts about the independence of the Federal Reserve

According to a report by Golden Ten, the US stock market plummeted, and US President Trump continued to criticize Powell on Monday, calling on the Fed chairman to cut interest rates. More and more signs indicate that Trump's trade war is pushing the US economy into recession. The US dollar fell along with US long-term treasury bond bonds. Trump stated on his social media website that he supports "preemptive interest rate cuts" and arrogantly referred to the Federal Reserve Chairman as a "failure". Since last week, Trump has been continuously bombarding Powell, which has raised a question: can the Federal Reserve maintain independence from political influence? This concerns people's confidence in the US financial market. Joe Saluzzi, Co Manager of Institutional Trading, said, "The market does not want the independence of the Federal Reserve to be challenged. The market can at least try to predict what an independent Federal Reserve will do. If the independence of the Federal Reserve is challenged, it may make more unstable (unpredictable) decisions. The market does not like unpredictability