Tonight, Federal Reserve Chairman Powell will speak, and the focus has shifted from banking regulations to his intense conflict with Trump!

The trigger was the Federal Reserve's headquarters renovation budget soaring from $1.9 billion to $2.5 billion. Trump was furious, suggesting there was 'something fishy' and even threatening to fire Powell.

Although Powell explained that the overspend was due to the elimination of toxic materials, equipment upgrades, and rising costs (denying the construction of a restaurant), the process was compliant, but Trump and Republican lawmakers are relentless: the Treasury Secretary must review it, and lawmakers are complaining to the Justice Department!

‼️ Two major uncertainties tonight:

1: Will Powell stand firm? He is expected not to name names but will surely strongly reiterate that 'the Federal Reserve must be independent!', essentially warning the President not to interfere.

2: How will Trump respond? He says, 'no fraud, no firing', but the risk of backtracking is extremely high! Old grievances from the refusal to cut interest rates have not faded, and the powder keg could explode at any time.

A greater crisis: If central bank independence collapses, the consequences would be unimaginable! Historical lessons: Political interference in interest rate cuts inevitably leads to uncontrollable inflation and economic chaos. Currently, the gap in Treasury yield spreads is widening, and the market is already panicking. If Powell steps down and a compliant successor aggressively cuts rates, inflation will soar, and both our wallets and the global market will suffer!

So tonight, we are not only listening to the rules but also betting on whether the Federal Reserve can withstand the political storm and maintain its independent lifeline, as the outcome concerns everyone's wallet 💰.

Can Powell maintain his 'golden reputation'? Or will Twitter's prediction of his 'resignation speech' come true? The answer will be revealed tonight… $BTC $ETH #鲍威尔讲话 #美联储何时降息？