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The Fed Chair position is now a hot seat. Recently, U.S. President Trump has intensified pressure on Powell, directly criticizing his implementation of monetary policy and even hinting at using legal means to push for his early departure. Powell, who has two years remaining in his term, suddenly finds himself under unprecedented political pressure.
Trump's dissatisfaction is very specific: the pace of rate cuts is too slow, and mortgage costs remain high. He has already begun considering alternative candidates, with former economic advisor Kevin Hassett and former Fed Governor Kevin Wessel on the shortlist. This is not just a personnel change; a deeper issue is—if the independence of the Federal Reserve is eroded, the central bank's policy-making logic could be reshaped by political cycles.
Imagine a scenario where central bank decisions are no longer based on economic data but on political needs. How would the rules for liquidity injection change? The fundamental logic of fiat currency credit could be shaken. This is precisely why, when traditional financial systems face political uncertainty, some investors are beginning to reassess the value of crypto assets.
Blockchain assets are characterized by transparency, decentralization, and rules established by code consensus rather than administrative commands that can change overnight. During periods of intense macro policy volatility, these features attract risk-averse capital. High-adhesion communities and hardcore crypto projects are gaining unprecedented attention.
The question is: can Powell hold on until 2026? Can the Fed's century-old independence withstand this test? Once political forces deeply intervene in central bank decisions, will Bitcoin and Ethereum become the biggest winners?
What do you think about this showdown between the White House and the central bank? Share your judgment in the comments. 👇