Analyst: The "triple kill" of stocks, bonds, and currencies in the U.S. may stem from market doubts about the independence of The Federal Reserve (FED).

According to a report by Jin10 data on April 21, the U.S. stock market experienced a big dump. President Trump continued to criticize Powell on Monday, calling for the Federal Reserve (FED) chairman to cut interest rates. Increasing signs indicate that Trump’s trade war is pushing the U.S. economy toward recession. The dollar fell alongside U.S. long-term Treasury bonds. Trump stated on his social media platform that he supports “preemptive interest rate cuts” and whimsically called the FED chairman a “loser.” Since last week, Trump has been continuously “bombarding” Powell, raising the question: Can the FED maintain its independence from political influence? This concerns people’s confidence in the U.S. financial markets. Joe Saluzzi, co-manager of the institutional trading department, stated, “The market does not want the independence of the FED to be challenged. The market can at least try to predict what an independent FED would do. If the independence of the FED is challenged, then it may make more unstable (unpredictable) decisions. The market dislikes unpredictability.”