#数字资产市场动态 $BTC $ETH $BNB

The latest remarks from Federal Reserve Chair Jerome Powell have drawn attention: "I will not resign early; our decisions are solely data-driven." This statement directly addresses recent public pressure from Trump regarding interest rate cuts and has evolved into an ultimate confrontation over central bank independence.

This is no longer just a policy disagreement. Trump has publicly called for faster rate cuts, even hinting at replacing Fed Chair Powell if he refuses to cooperate; meanwhile, Powell remains committed to the traditional principle of Fed independence, emphasizing that policy decisions are entirely driven by economic data and not influenced by political pressure.

On the surface, it appears to be a debate over the pace of rate cuts, but fundamentally, it is a clash between the president's political interests and the central bank's professional judgment. Although Trump has the power to nominate, final approval still requires Senate confirmation. This struggle touches on the deeper logic of the American institutional design.

For market participants, there are two possible paths. If Powell can withstand the pressure, rate cuts will become more cautious, and market expectations must continue to align with reality; but if Fed independence is weakened, it could temporarily stimulate risk assets, while long-term it may erode the dollar's international credibility.

From the perspective of digital assets, this macro-level uncertainty might suppress market sentiment in the short term, but conversely, it could also strengthen Bitcoin's narrative as a "sovereign-free" asset—when traditional financial system rules are challenged, the appeal of decentralized assets increases.

The key question is: do you think Powell can withstand this pressure, or will Trump completely rewrite the rules of the Federal Reserve? Share your judgment in the comments.