The Federal Reserve's independence is undergoing an unprecedented test. Trump publicly questioned the Fed's rate cut decisions as "political manipulation" and even initiated procedures to remove board members. This is not just a simple verbal conflict—it's a real action concerning monetary power.

What will the market do when the central bank begins to be influenced by political pressure? Wall Street has given the answer: panic. US stocks, US bonds, and the dollar are being sold off simultaneously—this rare triangular combination indicates what the market fears. It's not about whether rates will rise or fall; it's about the potential failure of the very rules. Once the independence of monetary policy decisions is no longer credible, all asset pricing models will break down.

The pressure comes from three directions. On the public opinion front, the Fed's independence is openly questioned. On personnel level, the impeachment procedures target decision-makers, attempting to change the voting structure through personnel changes. Structurally, the entire organization may face restructuring. The Fed is being squeezed tighter between inflation struggles and political firestorms.

The most core risk lies here: once global trust in the dollar system is shaken, the consequences are unpredictable. The crypto market is especially sensitive to such uncertainties—because digital assets themselves are an alternative to traditional financial systems.

What will happen next? Either legal reversals occur but the Fed's authority is damaged, or political infiltration causes the Fed to lose autonomy, or market confidence collapses entirely. All of these will profoundly impact global asset allocation.

What do you think? Will Powell become the next person to be replaced? How long can the stability of the dollar last?