Relationship Dynamics - The Federal Reserve and the Treasury Department's relationship is being complicated further [1] - The relationship between the Federal Reserve and the Treasury Department is described as "longtime frenemies" [1] Political Influence - Trump is a factor complicating the relationship between the Federal Reserve and the Treasury Department [1]

US government bond dealers uniformly expect the Treasury Department to keep coupon auction sizes unchanged during the August-to-October period https://t.co/3s9ERLgm3d ...

Currency Focus - The report emphasizes the importance of the US dollar's role in the economy [1] Policy Implications - The memo is directed towards the Federal Reserve and the Treasury Department [1]