If we are given that two random variables $X$ and $Y$ are independent, I'm wondering if the rule: $E[XY] = E[X]E[Y]$ applies for any integer $k>0$, such that:
$E[X^kY^k] = E[X^k]E[Y^k]$.
Is this a straight forward result? or am I missing something fundamental?
Thanks for your comments / suggestions.