#美国就业数据不及预期 Trump's pressure campaign against the Federal Reserve is triggering concerns among global central banks. He publicly criticized Powell and even hinted at possible leadership changes. This move prompted rare joint statements from the former European Central Bank President and other major central bank governors, emphasizing the importance of Fed independence for global financial stability — a consensus cornerstone for nearly 50 years.

Where are the real risks? If the independence of the Fed is weakened, the consequences could be severe. The pressure on the US dollar could increase, global inflation might spiral out of control, and the existing debt chains face the risk of breaking. Citigroup analysts pointed out that this populist threat is contagious and could spread like a virus to other markets.

Trump claims he understands the economy better than the current chair and has identified two potential successors. The power struggle surrounding the Federal Reserve concerns global liquidity and asset prices. For risk assets like $BTC and $SOL, a weakening dollar usually means increased capital inflows into the crypto market, provided market expectations remain stable. The current question is: how will this policy uncertainty influence investors' allocation decisions?