Crack down on Powell, #特朗普 this time it's serious. 🥲

Things are escalating.
On January 12th, The New York Times revealed:
U.S. federal prosecutors are already conducting a criminal investigation into #美联储主席鲍威尔 .
Note, this is not a hearing, not an inquiry,
It’s— a criminal investigation.
What’s the superficial reason?
👉 The renovation project of the Federal Reserve Washington headquarters.
It sounds “technical,”
But if that’s all you see, you’re too naive.
You should know, the grudge between Trump and Powell,
Is not a one or two-day thing.
Powell refused to cut rates significantly,
Trump publicly criticized him multiple times,
Even directly threatened: consider firing Powell.
And just last week, Trump made a direct statement in an interview:
👉 “I’ve already decided who will succeed Powell, and it will be announced soon.”
The amount of information in this statement is actually very large.
The timeline is also very subtle 👇
Chairman Powell’s term: ends this May,
But his board member term: can last until January 2028.
And Powell has not yet stated whether he will stay on.
In other words—
He originally had an exit route.
But now,
The investigation suddenly starts.
Do you think this is a coincidence?
Many people are still debating:
“Could the renovation really have issues?”
But what the market truly cares about has never been that.
The market cares about 👇
The “independence” of the Federal Reserve, which is being directly challenged.
If this line continues to advance,
What does it mean?
👉 Trump is not just trying to “criticize” Powell,
👉 but to remove him from power through institutional and public opinion pressure.
This is no longer a monetary policy disagreement,
This is a power struggle.
For the market, the real impact lies here:
If Powell is marginalized,
If the “successor” is clearly more dovish,
If the White House’s influence on interest rate decisions increases,
Then do you think—
Will the future interest rate path still be as “restrained” as it is now?
So you will find:
This is an event
With a surface of engineering investigation,
But essentially a battle for interest rate dominance.
And once this door is opened,
It’s very hard to close again.
Finally, I have a question for everyone:
👉 If Powell really steps down early,
👉 and a “more obedient” Federal Reserve chairman takes over,
Do you think
Risk assets will go on a frenzy first,
Or will the market panic first?
This might be more worth watching than CPI or non-farm payrolls.