Trump Pressures the Federal Reserve: A Crisis Moment for Independence!!!!

Former U.S. President Trump has recently launched a fierce attack on the Federal Reserve, demanding that board member Michelle Cook resign due to the 2021 mortgage controversy. The director of the Federal Housing Finance Agency, a "trusted person" appointed by Trump, is pressuring her on grounds of alleged fraud in loan materials, just 48 hours before a crucial speech by Federal Reserve Chairman Powell, revealing clear political intentions.

Cook strongly counters, calling it a forced resignation under political persecution, while Trump threatens to initiate dismissal proceedings if she does not resign voluntarily. However, legal experts point out that the president must prove severe misconduct to dismiss a Federal Reserve board member, and the alleged actions occurred before Cook took office, making the accusations difficult to substantiate.

The market instantly senses a crisis: the dollar plummets, gold surges, and U.S. stocks experience a V-shaped reversal, with trading logic pointing directly to the erosion of the Federal Reserve's independence. When the White House directly intervenes in central bank personnel matters, the credibility foundation of the dollar is shaken, and policy decisions may be forced to carry a political risk premium. More profoundly, if other officials face political pressure for maintaining a hawkish stance, monetary policy will devolve into "acting based on political cues," with the market automatically incorporating expectations for more aggressive interest rate cuts.

This incident is by no means isolated. Last week, Trump mocked the CEO of Goldman Sachs, silencing Wall Street; his precise strike against the Federal Reserve at this moment is seen as a declaration of war against the core of the financial system. When monetary decisions become political tools, the foundation of the modern monetary system is shaking, as economists say: a central bank that loses its independence will ultimately turn currency into a political puppet.

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