According to Bloomberg reports, Trump directly dismissed Federal Reserve Governor Cook on the grounds of alleged forgery of mortgage documents. This move is seen as a significant escalation in Trump's campaign to control the Federal Reserve and may pave the way for a larger-scale reorganization of the board in the future.
This operation has dramatically heightened the theatricality of political struggle, marking it as unprecedented. Trump has shown no interest in playing any 'hints'; he has directly overturned the table, targeting the independence of the Federal Reserve. This not only sharply raised market expectations for a rate cut in September but also caused a slight shake in global investors' confidence in the dollar.
The subsequent impact of this event will be extremely far-reaching. If Trump successfully installs his own people, the Federal Reserve's monetary policy could become completely 'Trumpified', which could reshape the logic of global asset pricing. As a risk asset, the crypto market may be excited in the short term due to rate cut expectations, but in the long term, this uncertainty poses the greatest risk.