Tianfeng Securities: If the independence of the Federal Reserve is weakened, it may trigger stagflation risks, fiscal concerns, and a weakening of the dollar's status

According to ChainCatcher news, Zhitong Finance reported that Tianfeng Securities released a research report stating that Trump is considering new candidates for the Federal Reserve chair, raising concerns in the market about the "independence" of monetary policy. If Trump nominates a Federal Reserve chair with MAGA characteristics and close personal ties, it could have four impacts: increased risk of stagflation; heightened fiscal concerns; weakened dollar status and capital flight; and for the market, it could lead to a "triple kill" of U.S. stocks, bonds, and currency.