The recent turmoil has shaken the entire financial market. The Federal Reserve Chair is under investigation by prosecutors over headquarters renovation costs, and this sudden event was immediately interpreted as a signal of potential interference with monetary policy.

Wall Street quickly became restless. Traders were waiting for clear guidance on interest rate policy, but instead saw another side of power dynamics. The market responded immediately—this is not a routine audit issue, but a potential disturbance that could influence future policy directions.

This was followed by a chain reaction in asset prices: the US dollar came under pressure, US stocks declined, and US Treasury yields surged. Institutional investors began to reconsider: Is gold entering a rally? Are non-US assets worth allocating? Could cryptocurrencies become a hedging option?

Deeper impacts are emerging. Global central banks are also adjusting their reserve allocations, with a slight decline in the dollar’s share. This reflects a reassessment of the market’s confidence in the dollar’s stability. The de-dollarization process seems to be accelerating, although the magnitude is not yet significant, but the direction is clear.

In the face of such a situation, investors now need to make choices: should they increase their holdings of gold to hedge risks, or explore emerging markets and non-US assets; should they continue to favor a rebound in the dollar, or shift their focus to alternative investments like cryptocurrencies?

The lesson from this turmoil is profound—sometimes, what changes the investment landscape is not macroeconomic data, but an unexpected piece of news. For market participants, staying vigilant and adaptable is key.