Looking at the imbalance of power from "Powell's resignation": How long can the Fed remain independent?
The Fed has always claimed to be "independent of politics", but this resignation rumor exposes a real problem: Powell is being forced to bow his head.
Trump frequently calls for interest rate cuts, the market is crazy about the news of his resignation, and the 10% layoff reform, the Fed may have been unstable for a long time.
It seems that he is still sitting on the Diaoyutai, but in fact he has been besieged by power and the market. True independence does not mean that you will not leave, but whether you can still make your own decisions.
This storm is a preview of the collapse of institutional beliefs. The logic of asset pricing may be quietly changing.