"US Dollar Hegemony Crumbling? Kudlow's Resignation Accelerates Fed Chair Selection, Independence Once Again Questioned"

1. UBS: Cugler's resignation will accelerate the selection process for the next Federal Reserve Chairman, and the successor's long-term coexistence with the current chairman may complicate policy communication and exacerbate internal tensions within the FOMC. 2. Evercore ISI analyst Krishna Guha: Cugler's resignation may immediately accelerate the selection process for the next Federal Reserve Chairman, and the new appointee will essentially act as the "shadow Federal Reserve Chairman" before formally taking over from Powell. 3. Mitsubishi UFJ Research Director Derek Halpenny: Cugler's resignation adds uncertainty to the monetary policy outlook, the new appointee "may influence the views of others," and could be seen as a further threat to the independence of the Federal Reserve. 4. French trade bank economist Christopher Hodge: Cugler's resignation will not lead to significant changes in policy. Although there is currently no indication that Cugler resigned in protest, the timing is indeed intriguing. 5. Chase Investment Advisor President Peter Tuz: The Trump administration needs to fill a vacancy at the Federal Reserve, and Trump is likely to appoint someone who shares his views on interest rates. 6. Mischler Financial Group Managing Director Tom di Galoma: Cugler's resignation seems to indicate that the Federal Reserve is currently under significant political pressure, as the U.S. government has been very clear in its desire to lower interest rates. 7. Anderson Capital Management founder Peter Andersen: Cugler's resignation timing is arguably the worst, undoubtedly indicating that there will be some substantive changes in the future, adding to the complexity already faced by investors. 8. Harris Financial Group Managing Partner Jamie Cox: The reasons for Cugler's absence from last week's FOMC meeting and rate vote reveal that Trump will be able to reshape the FOMC according to his own wishes. 9. Monex USA Trading Senior Director Juan Perez: The market will interpret the latest personnel changes as a signal to short the dollar. The foundation of the dollar hegemony lies in the authority and independence of the Federal Reserve. Once shaken, a spiral devaluation of the dollar will be inevitable.