Bank of America: Doubts about the independence of the Federal Reserve are putting pressure on the US dollar market, and concerns are intensifying about easing tendencies

According to a report by Golden Finance, Alex Cohen, a strategist at Bank of America, said that the uncertainty surrounding the outlook for the Federal Reserve leadership is weakening the performance of the US dollar, and the related doubts "clearly have an earlier impact on the US dollar than other assets" and may be the main resistance to the dollar's delayed rebound. Even if future leadership changes are carried out in a more conventional manner, the market is beginning to anticipate a more relaxed Federal Reserve environment, "Cohen pointed out. Trump continues to pressure Federal Reserve Chairman Powell to cut interest rates, and plans to visit the Fed headquarters today to further highlight signs of political intervention.