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The Federal Reserve's power dynamics are surging, and Trump's attitude towards Powell has suddenly shifted.
Recently, Trump's remarks have attracted attention: although he has not explicitly called for Powell's removal, he hinted that "it's too early to draw conclusions," implying that personnel changes could happen within a few weeks. This directly ignited internal power struggles within the Federal Reserve.
The situation is even more complex. The Department of Justice is conducting a criminal investigation into Powell, involving a $2.5 billion renovation case. Powell denies all charges, calling it an "excuse for political pressure." However, Trump seems to support the investigation, even openly expressing favoritism towards hawkish figures like Wacht or Hasset, while ruling out the possibility of Treasury Secretary Bissett, mysteriously saying "both Kevins are excellent."
This series of actions has angered many. Republican senators and international officials have warned that political interference could undermine the independence of the central bank, ultimately threatening the global status of the dollar. Trump's response was more direct: "This has nothing to do with me," and he also claimed to understand the economy better than the "slow-moving" Powell.
A critical moment has arrived. Powell's chairmanship will end in May, but his board term extends until 2028. Whether he can leave unscathed remains uncertain. For the markets, the power transition within the Fed will directly influence the future direction of monetary policy. How will this game end? It relates to macroeconomic expectations for assets like $ETH, $DASH, $ZEN, and others.