Recently, a piece of news about Trump attempting to remove Federal Reserve Board of Governors member Cook has sparked widespread follow. If this move is ultimately realized, Trump will have the opportunity to nominate a new member of the Fed again.



The market reacted quickly to this potential change, with most investors beginning to bet that Cook's successor could be a figure with a dovish stance. This expectation has driven the market's anticipation of further interest rate cuts.

However, the issues reflected behind this event are worth pondering. The true intention of the Trump administration's move seems not to be the maintenance of the Fed's independence, but rather an attempt to place its allies into the decision-making layer of the Fed. This not only concerns personnel changes within the Fed but also serves as a test of trust in the overall U.S. system.

This approach will undoubtedly add another crack to the political and economic edifice in the United States, which may affect international investors' confidence in the U.S. From a broader perspective, this erosion of institutional trust could impact traditional financial markets, thereby benefiting safe-haven assets like gold.

At the same time, as an emerging alternative asset, Bitcoin may also benefit from this situation. As uncertainty in the traditional financial system increases, some investors may turn their attention to the decentralized cryptocurrency market in search of new options for hedging risks.

Overall, this event not only involves the independence of the Federal Reserve Board of Governors but is also an important test of the U.S. financial system and the entire economic policy-making process. Market participants need to closely follow the developments and assess the potential far-reaching impacts.
TRUMP3.5%
BTC1.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
MeaninglessGweivip
· 16h ago
Gold runs first, then Bitcoin comes.
View OriginalReply0
TommyTeacher1vip
· 16h ago
This person is not done playing yet.
View OriginalReply0
SandwichTradervip
· 16h ago
Chuanbao wants to control everything again.
View OriginalReply0
digital_archaeologistvip
· 16h ago
BTC is the best in the world
View OriginalReply0
LuckyBearDrawervip
· 16h ago
Is the Central Bank really just a toy for individuals?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)