Saul Eslake, former chief economist of Bank of America Merrill Lynch Australia, pointed out that the Trump administration's continuous attacks on the Federal Reserve's independence is one of the reasons for the decline in short-term interest rates while long-term bond yields are on the rise. The recent attacks on Powell will continue to affect global long-term interest rates, and Australia will also be affected — which means the country's government debt servicing burden may face further upward pressure. (Jin10)