The personnel movements of the Federal Reserve Chair have recently become a focal point of attention. This Wednesday, U.S. President Trump mentioned in an interview that although the Department of Justice is conducting a criminal investigation into Powell, he hasn't decided yet whether to replace him. Trump's exact words were: "I currently have no such plans." But then he added, "It's too early to say what final action will be taken." It sounds like he's leaving himself an escape route.

From the timeline, Powell's term as Federal Reserve Chair will end in May. However, he can still remain on the Federal Reserve Board until 2028. This gives Trump considerable room for maneuver.

Regarding potential successors, Trump has sent some signals. He favors either former Federal Reserve Board member Kevin Warsh or current National Economic Council Director Kevin Hasset to take over. As for U.S. Treasury Secretary Yellen, Trump explicitly ruled out that possibility, citing her desire to stay in her current position.

Behind this series of personnel changes, there is actually a re-evaluation of the Federal Reserve's policy direction. The Fed's monetary policy movements have always been a key factor influencing global financial markets, and naturally, they also impact the trend of digital asset markets. In the coming months, this topic is bound to continue being a focus of market attention.