#美国贸易赤字状况 Federal Reserve Chair Powell Faces Criminal Investigation Scandal

This Friday brought big news—The U.S. Department of Justice served a grand jury subpoena to Powell, ostensibly related to renovation projects at the Federal Reserve building. But Powell was straightforward: this is political pressure. Why? Because the Fed has clashed with the White House over interest rate policies.

Here's the situation. After Trump took office, he repeatedly pressured for rate cuts, even hinting that Powell should step down, and issued tough talk about replacing him by 2026. But Powell remained firm—The Federal Reserve’s decisions are solely based on economic data and do not bow to political pressure. On this fundamental issue, the two have clashed head-on.

Behind this legal showdown, there’s actually a tug-of-war over the independence of the Federal Reserve. If the Fed succumbs to political interference and starts recklessly cutting rates, what will happen to the markets? Inflation could rebound, and asset pricing logic could break down. For assets like $BTC, $ETH, and $BNB , which are sensitive to macroeconomic conditions, the Fed’s independence directly impacts policy expectations and price trends.

So this isn’t just a Washington internal fight; it has far-reaching implications for the global financial markets and the future trajectory of the crypto markets.