Washington political earthquake, the independence of the Federal Reserve faces the most severe impact in history!

On the night of August 26, Beijing time, U.S. President Trump announced the immediate dismissal of Federal Reserve Governor Lisa Cook, citing her alleged involvement in "mortgage fraud." This move not only sets a historical precedent in the United States—making the president the first to publicly dismiss a Federal Reserve governor—but also pushes the century-old independence of the Federal Reserve to the brink.

According to the dismissal order released by Trump, Cook is accused of falsely stating properties in Michigan and Georgia as her "primary residence" within 14 days when applying for two mortgage loans in 2021. The director of the Federal Housing Finance Agency, Director DeMarco, has referred this case to the Department of Justice, and based on this, Trump invoked the "for cause" provision of the Federal Reserve Act to forcibly remove Cook.

Cook responded strongly:

"I will never resign under threats!" Cook stated that the allegations occurred before she joined the Federal Reserve and that she has begun collecting evidence to prove her innocence. The tough stance of the first Black woman governor of the Federal Reserve has escalated the incident into a power showdown between the White House and the Federal Reserve.

Long Ge's Viewpoint

Federal Reserve policy expectations change: Cook is one of the few governors inside the Federal Reserve who supports "cautious rate cuts." If Trump successfully installs a loyalist, it may accelerate the rate-cutting cycle, benefiting risk assets like Bitcoin;

Regulatory risk heats up: The Trump administration is investigating several Democratic officials on the grounds of "mortgage fraud," raising market concerns that its regulatory stance on cryptocurrencies will become harsher;

Legal battle uncertainty: If Cook files a lawsuit, the personnel turmoil at the Federal Reserve may last for months, affecting the decisions of the September FOMC meeting.

This epic collision between politics and financial markets not only concerns Cook's personal fate but will also reshape global capital flows. For the cryptocurrency world, policy uncertainty is both an opportunity and a trap. #特朗普罢免美联储理事库克

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