The U.S. dollar drifted on Thursday as investors awaited policy cues from the Federal Reserve’s Jackson Hole symposium while keeping an eye on renewed concerns over central bank independence after President Donald Trump’s latest salvo.

Trump’s latest salvo against Powell comes ahead of the Fed chair’s Friday speech at the annual Jackson Hole central banking symposium

A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.

US Treasury yields dropped on Tuesday as investors awaited the Federal Reserve July meeting minutes and its annual Jackson Hole symposium later in the week. The benchmark