2026-01-19 23:25:51

The past couple of days have shaken the financial world. Federal Reserve Chair Jerome Powell made a rare decision to appear in person to support Board Member Lisa Cook, an act that itself highlights the seriousness of the issue.

On the surface, it’s a legal procedure, but in essence, it’s a power struggle—direct confrontation between presidential authority and the independence of the central bank. Powell has previously stated clearly that certain subpoenas and threats are essentially "pretexts," with political forces behind them seeking to influence interest rate policies. This time, his decision to personally appear is akin to sending the strongest signal to the market: the Federal Reserve is fighting to preserve its independence.

The key question now is: if the court rules unfavorably, the Fed’s century-old tradition of independence could be at risk. Once monetary policy becomes a pawn in political games, what will happen after 2026? Are interest rate decisions driven by economic data or by electoral politics? What does this mean for global capital markets—especially for policy-sensitive sectors like the crypto market? Everyone has their own thoughts.

A stable monetary policy framework is the cornerstone of modern finance. The final ruling in this lawsuit could potentially redefine the underlying logic of global financial operations. Powell’s decision to step in personally at this moment might be his last effort to turn the tide, or it could signal that greater uncertainty is approaching.

What’s your take on this game?

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ImpermanentTherapist

· 4h ago

This game is really about to turn upside down. Once the bottom line of the central bank's independence is broken... the crypto world will go crazy. What does Powell personally testifying mean? It shows that they are really desperate. In my opinion, this is not a matter of winning or losing; it's a signal that the game rules need to be changed. Policy-driven vs. vote-driven, haha, how will retail investors play when the time comes? The outcome of this lawsuit will determine whether we can still trust what is called "independent decision-making." Powell's move is brilliant, but it all depends on whether the court buys into this set-up.

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TopEscapeArtist

· 4h ago

Wow, this is really a bearish signal now. If the central bank becomes a political pawn, I might have to lower my stop-loss level on this position.

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DegenWhisperer

· 5h ago

Powell's move is ruthless, directly gambling with the fate of central bank independence. Monetary policy has become a vote-buying game, and a bloodbath in the crypto world is just around the corner. The century-old independence of the central bank has been broken; who can say how chaotic the next decade will be? But on the other hand, this kind of power struggle was bound to happen sooner or later, and now laying it out clearly. If interest rate policies are truly hijacked, then those of us holding assets will be doomed. It seems that the Federal Reserve has lost this time, and the crypto market will have to be re-priced without the support of independent monetary policy. Powell personally appearing in court is probably an admission of defeat, indicating the problem is more serious than we imagined. Vote-driven interest rate policies? That means the death of the Federal Reserve, with the global markets following to their doom. If this game is lost, the traditional financial credit system will have to be reshuffled, which might even be a positive development.

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BagHolderTillRetire

· 5h ago

This time, the independence of the central bank is really being dragged into the political vortex against its will. --- In my opinion, Powell's move is a gamble for his life. If he loses, the Federal Reserve's century-old reputation will be gone. --- So, the biggest fear in the crypto circle is policy uncertainty, which is even more uncomfortable than a bear market. --- Vote-driven interest rate decisions? Then what are we trading cryptocurrencies for? Just bet on the presidential election directly. --- If the central bank truly becomes a political tool, the global financial system will be completely finished, including crypto, which will also be buried with it. --- It feels like watching a death dance of power—whoever loses will have to face the firing squad. --- By the way, if the independence of the Federal Reserve is really destroyed, my first reaction would be to buy Bitcoin, because at least it doesn't listen to anyone. --- This lawsuit outcome directly affects the direction of the capital markets in 2026 and beyond. It looks quite calm now, but actually, it's just accumulating energy.

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