#数字资产市场动态 The internal power struggle at the Federal Reserve is intensifying, and market sentiment is beginning to fluctuate...

Many people share this as a joke, but behind it lies a genuine risk signal.

Trump has never hidden his dissatisfaction with the current Fed Chair: publicly mocking decisions as "too late," describing the attitude as "stubborn," and repeatedly pressuring FOMC members. All of this is within expectations.

But recent developments have changed the situation. He directly accused Fed Governor Cook of falsifying mortgage application processes via social media. Cook's response was concise—denying everything outright and referring the matter to the Supreme Court. The hearing is scheduled for January next year.

What does this mean?

**Power is starting to seriously challenge the independence of the central bank**

Once political forces directly interfere with the credibility and legitimacy of monetary policymakers, the market's assumption of "central bank neutrality" collapses. The Fed is no longer just a technical bureaucratic institution but has become a pawn in power games.

**Uncertainty is the biggest killer**

The market isn't afraid of whether policies are good or bad; it fears sudden rule changes. Once the central bank's credibility is publicly questioned and dragged into litigation, the USD exchange rate, the yield curve, and risk asset valuations all need to be recalibrated.

What you're seeing might be gossip news, but the underlying logic is: macro variables are losing their anchor points.

Assets like $BTC and $ETH risk assets will first respond with price movements—when the central bank's credibility wavers, investors will accelerate their migration away from sovereign assets.

Remember this rule: once power begins to tear at the independence of the central bank, the market will always vote early with volatility.

$TRUMP