The Federal Reserve's situation has taken a dramatic turn, and market odds have completely flipped.

Recently, the whole internet was betting that Powell would be replaced, but as soon as the Department of Justice investigation came out, the sentiment instantly reversed. Even Trump relaxed and said, "There will be no personnel changes in the near future." But this is clearly a delaying tactic—he has long been eyeing trusted allies Wosh and Hasset, both of whom are dovish on interest rates. Not replacing them now is just waiting for the right opportunity to move up and start easing the policy.

But the Fed's data is right there. The latest report shows that inflationary pressures still exist, and corporate costs continue to rise 📈. This is awkward: no matter who sits in the Fed chair, as long as prices can't come down, the rate cut card can't be played. Constraints on costs limit the room for monetary policy adjustments.

So the current situation is: Trump is daily pushing expectations for a rate cut, while the Fed is responding by assessing inflation data. Both sides are constantly clashing, causing wild swings in global capital markets. Risk assets like $ETH and $FOGO are experiencing rollercoaster rides 🎢.

In the short term, Powell's position is stable. But this tug-of-war between policy and data has only just begun, and market volatility is far from over. Investors, buckle up—big players' battles often have the widest impact.