#美联储政策 Seeing Trump's remarks, a few words flashed through my mind: political interference, market signal confusion, long-term risks.

The good news is that GDP grew by 4.2%, yet the market reaction was flat or even declined — which is actually quite normal. Markets price in the future; when the economy is strong, rational expectations are that the central bank will tighten policy to prevent inflation. This is a logical chain, not some "Wall Street elite" conspiracy. But the problem is, Trump is demanding the Fed cut interest rates on good news, which is essentially saying: I want the central bank to serve my policies.

Even more worrying is that the Fed has already been compromising. First, there was talk of cutting 10% of staff to ease political pressure, and then Chair Powell actually implemented it. What does this indicate? The independence of the central bank is being gradually eroded. When monetary policy decisions start to be influenced by political considerations rather than pure economic logic, it becomes a breeding ground for inflation in the long run.

Having been active on-chain for a long time, I’ve learned the most important lesson: beware of any opaque decision-making by central authorities. The destruction of the Fed’s independence means policies will become harder to predict, and market volatility will increase. In such an environment, chasing highs and FOMO become even more dangerous. Those who can truly survive are those who understand policy logic and can prevent systemic risks.