The ‘Sell America’ trade is back with a vengeance this morning after Donald Trump threatened the Fed’s independence again. The ECB cuts rates, with further easing expected, and Australia’s jobs market stays strong ahead of expected RBA rate cuts.In our bonus Deep Dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the risks inherent in Donald Trump’s comments challenging the US Federal Reserve’s independence. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/