Trump's consecutive moves reshape the core of economic power, first questioning 'data falsification' after the non-farm payroll data was released, then promptly dismissing the Director of the Bureau of Labor Statistics, followed by the announcement of the early departure of Federal Reserve Board member Kugler, sending a strong signal of personnel adjustments. The outside world generally interprets this as Trump accelerating his control over the interest rate path, intending to open the door for rate cuts by nominating more dovish candidates.

The central bank and statistical system, originally designed to withstand political interference, are now facing systemic risks. Once the Federal Reserve Board undergoes a significant turnover, the policy direction may shift dramatically; the dismissal of the Director of the Bureau of Labor Statistics is seen as a direct threat to data neutrality. Economists warn that if data loses its credibility, corporate investment, wage negotiations, and consumption decisions will lose their anchor, ultimately affecting the global trust in the US dollar and US Treasury bonds.

The market has already reacted to this. Following the news, the dollar weakened, and US Treasury yields fluctuated, indicating that investor confidence in future interest rates and policy transparency is declining. The real concern does not lie in the departure of one individual, but in the gradual erosion of institutional independence. If data and interest rates become political tools, the foundation of the US economy will face substantial upheaval. #币安HODLer空投TOWNS #Solana期货交易量创新高 #币安Alpha上新