Trump's judicial pressure on the Federal Reserve is both shortsighted and contrary to American consensus, a purely unnecessary political farce.

With only a few months left in Powell's term, Trump could have normally nominated trusted allies to lead the Fed after the transition, but he insisted on using Department of Justice subpoenas to investigate him, claiming it was for congressional testimony and office renovations, when in fact it was because the Fed refused to cut interest rates significantly as he demanded. Essentially, it is an executive power coercing an independent institution.
The independence of the Federal Reserve is central to monetary policy stability and financial market confidence. This investigation directly undermines that cornerstone.
This move also contradicts bipartisan consensus, with both Republican and Democratic senators condemning it. Voters are resentful of this dictatorial power threat, leading to a decline in Trump's approval ratings, loss of moderate voters, and the lowest support for economic policies.
He could have simply allowed normal personnel changes but chose to undermine the system, damaging the Fed's independence, losing support, and potentially destroying market confidence. #Gate储备金报告 $BTC