#美联储降息 The market has picked up again recently. Mainstream cryptocurrencies like $BTC, $ETH, and $DOGE are experiencing intense fluctuations alongside traditional assets, and what triggered this wave of market movement is essentially a power struggle between Washington and the Federal Reserve.

The cause of the issue is quite clear: Trump has been making remarks, hinting at wanting a more "obedient" person to take the position of Fed Chair, to push for interest rate cuts that would ease government debt pressures. As soon as these comments surfaced, the Federal Reserve immediately raised alarms. Chicago Fed President Goolsbee straightforwardly stated—if the central bank cuts interest rates to "save money" for the government, it’s essentially no different from directly printing money to pay off debt, which violates the core principle of the Fed: independence.

The market has understood this firm stance: the rate-cutting cycle is far from coming, and high interest rates will continue to suppress the economy. As a result, non-yield assets like gold and silver have collectively plummeted, with gold prices dropping over a hundred dollars in two hours; although the US stock market later recovered about half of its losses, the tech sector still couldn’t bounce back. Meanwhile, companies with real strength like Tesla and Apple turned profit against the trend thanks to their competitiveness.

This game of chess is still ongoing. Will upcoming economic data "call out" the Fed’s hawkish stance? How the White House and the central bank’s tense situation will ultimately evolve could rewrite the entire market’s investment logic. When Fed independence becomes a bargaining chip, any strategy based on current assumptions is unstable.

What’s your take? Can the Fed withstand this pressure?