#美国贸易赤字状况 Is the independence of the central bank collapsing under shock?

Federal Reserve Chair Powell's recent remarks have ignited the market—"Apart from death, nothing would make me resign early." Behind this statement lies the ultimate tug-of-war over monetary policy discourse. Faced with a Department of Justice investigation, he is betting on the central bank's last line of defense. $BTC $ETH $BNB

**Three focal points:**

The most straightforward is the battle over the rate cut authority. Powell openly admits that the pressure comes from "the Federal Reserve refusing to obey the President"—in other words, high-level officials are repeatedly debating over decisions related to monetary easing.

The credibility of CPI data is being questioned. December's data shows 2.7%, which seems in line with expectations. But there are ongoing doubts—about the authenticity of data collection during government shutdowns, and the potential stubbornness of inflation, all becoming points of suspense.

Asset performance divergence intensifies. Gold, ignoring rate cut expectations, surged to $4,600; US stocks are barely supported by AI concepts; behind the short-term rebound of the dollar, there is a subtle pain in the credit foundation.

**Insights for the crypto world:**

When the pillars of the financial system—central bank independence and data authenticity—begin to shake, the demand for permissionless, censorship-resistant assets will only intensify. This is not just market volatility; it resembles a quiet shift from fiat currency order toward decentralized value.

All signs point to one question: Is Powell fighting for a soft landing, or unintentionally triggering a chain reaction of liquidity? Breakthroughs in gold, central bank holdings, political interventions... these signals will ultimately reflect the same endpoint—the long-term interrogation of the fiat credit system.