The dispute between Trump and Powell has raised concerns about the resurgence of inflation

Golden Finance reported that on Monday, the yield of US long-term treasury bond bonds rose, and the US dollar resumed its decline. Previously, White House economic adviser Hassett said that Trump and his team were continuing to study whether it was possible to dismiss Federal Reserve Chairman Powell. This statement has raised concerns about the independence of the Federal Reserve. The market also believes that this issue may lead to an increase in inflation. Ian Lingen and Will Hartman, capital market interest rate strategists of the Bank of Montreal, said: "The monetary policy consequences of Trump's tariff plan have put monetary policy makers in trouble because tariffs are expected to change the economic trajectory, making the Federal Reserve deviate from its two long-term goals. Yields may rise significantly. He said, "The importance of central bank independence in stabilizing long-term inflation expectations in the market cannot be overemphasized." "This topic has prompted investors to stay away from US assets at the margin, but if the market believes that the Fed's credibility is facing real risks, long-term yields will soar instead of rising a few basis points