2026-01-12 03:10:24

A shocking public opinion spotlight has emerged—the U.S. Department of Justice has served a grand jury subpoena to Federal Reserve Chair Jerome Powell, related to the renovation of the Federal Reserve building.

The situation is actually more complex. Powell openly states that this investigation is a political game. What is the true background? The Federal Reserve rejected the White House's demand for interest rate cuts, insisting on making policy decisions based on economic data rather than administrative pressure.

This is not the first time Trump has exerted pressure since taking office. He has repeatedly publicly called for rate cuts, even suggested removing Powell, and claimed he would replace him in 2026... These actions are all testing whether the Federal Reserve can maintain its independence.

Behind this legal confrontation lies the issue of confidence in the entire financial system. Every fluctuation in Federal Reserve policy directly impacts market sentiment.

#美国非农就业数据未达市场预期 $BTC $ETH Investors are closely watching how this power struggle will unfold.

BTC1,03%

ETH-0,07%

BNB-0,18%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

ForkTrooper

· 13h ago

Renovation matters? Haha, is that really true? That's such a ridiculous excuse.

View OriginalReply0

DaoResearcher

· 14h ago

From the perspective of separation of governance powers, this is a stress test of central bank independence. According to Acemoglu's institutional theory framework, once the erosion of administrative authority over monetary policy sets a precedent, the credibility anchor of the entire financial system is shaken. But on the other hand, how did this subpoena turn into a renovation issue? It feels like an excuse.

View OriginalReply0

HodlKumamon

· 14h ago

Renovation subpoena? This job really dares to make up stories. Powell maintaining independence is the only way for the crypto circle to survive. The grand jury subpoena for renovation, hilarious, who can't see the real purpose? Just political game-playing. The dream of rate cuts is shattered, it’s true. The Federal Reserve prioritizes data, investors, hold tight to BTC. Behind the subpoenas are all power games. We ordinary folks just watch how the market dances, keep dollar-cost averaging. Powell holding up under pressure is like giving the market a reassurance. If he had surrendered, the Federal Reserve would be truly finished. This wave of American political struggle, frankly, is all about setting the tone for crypto prices. Difficult, everyone. The independence of the Federal Reserve is a thousand times more important than the subpoenas themselves. Those who understand, understand. Political pressure tactics are repeated every year. Let’s see the change of personnel in 2026.

View OriginalReply0