Political Firepower Aimed at Central Bank Independence: Trump Orders Fed Governor to Resign, What Does This Mean for Financial Order and the Crypto Market?
Political Smoke is Rising Again, Trump Attacks the Federal Reserve, This Power Play is Breaking Through the Window Paper of Traditional Finance!
In simple terms, Trump posted on his social platform Truth Social, directly telling Fed executive Cook to "get out immediately."
Why such a big deal? Because Trump's ally—Director of the Federal Housing Finance Agency, Paltry, recently wrote a "whistleblower letter" to the Justice Department, alleging that Cook was involved in forging bank loan documents and altering property records to deceive for low-interest loans, which could constitute criminal fraud.
This scenario feels increasingly familiar—Trump targeting Fed executives is not a first, but this time directly involving "criminal offenses" is clearly pouring electoral year political gunpowder into the central bank.
It’s important to note that the independence of the Federal Reserve has always been the cornerstone of market trust, and now being publicly torn apart by political giants may lead to a short-term verbal battle, but in the long run, it could undermine the credit foundation of the dollar system.
To give an example that those in the crypto circle would understand: it's like a certain exchange executive suddenly being exposed for "forging reserve proof"—even if there's no solid evidence in the end, users will panic and withdraw their assets.
The collapse of trust in traditional financial institutions is far scarier than the cascading liquidations in the crypto DeFi space.
The tightrope between politics and finance is becoming increasingly dangerous; do you think this farce will ultimately trigger a dollar crisis, or accelerate the safe-haven status of cryptocurrencies? Place your bets in the comments section!
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