#美国民主党BlueVault 🔄 The Power Struggle of the Federal Reserve Intensifies—How Should the Market Respond?

The recent developments are quite interesting. Trump backtracked on the plan to fire Powell but simultaneously floated two potential successors, Waller and Haskett. It seems like a setback, but in reality, it’s building his own chessboard.

**The Short-term vs. Long-term Double Game:**

Global central bank pressure combined with the complexity of judicial procedures has temporarily cooled the high-level game. The most extreme panic scenarios in the market have been postponed, providing some buffer for risk sentiment.

But this is not a genuine concession. Waller and Haskett are both recognized as "Trump policy allies," and Powell’s term is effectively entering its countdown. The latest Beige Book from the Fed signals—inflation remains sticky, and tariff shocks are fully unfolding. Even with a change in personnel, the path to rate cuts is much more difficult than imagined.

**The Reality of the Crypto Market:**

In the short term, easing uncertainty may lead to a slight increase in risk appetite. But what’s more worth paying attention to in the long run is: monetary policy is becoming noticeably politicized. The political premium in the dollar system is soaring, which just happens to support the long-term narrative of $BTC "decentralization and anti-censorship."

What Trump actually wants is not for someone to be ousted, but for a "obedient Federal Reserve." When central bank policies evolve into political tools, the foundation for re-pricing global assets is quietly changing. $ETH and the entire crypto ecosystem need to rethink their position within this new macro framework.