The credibility of the US monetary economic decision-making institution is cracking, and the dollar and US assets are facing the risk of selling off.

Strategists and economists said that due to the credibility of US currency and economic institutions being threatened, the US dollar and other US assets face further risk of being sold off. After Federal Reserve Board member Adriana Kugler resigned last Friday, President Donald Trump now has the opportunity to pick her replacement, which could weaken the influence of Chairman Jerome Powell. In addition, Trump fired Bureau of Labor Statistics director Erika McEntarfer last week, leading investors to potentially devalue US assets due to concerns about economic data and monetary policy independence. These worries have already hurt the dollar this year and prompted some funds to withdraw from US bonds and stocks.