Markets faced headwinds as reports surfaced that the administration is examining the tenure of the Federal Reserve's current leadership. The reaction was swift—equities retreated, Treasury bonds came under pressure, and the dollar weakened across major pairs. The move reflects broader uncertainty about monetary policy direction and potential shifts in the Fed's operational independence. For traders watching macro correlations, the divergence signals a possible recalibration of rate expectations and risk sentiment. The timing matters too, as any signal about policy shifts tends to ripple through both traditional finance and digital assets that track macro trends closely.