When I saw this report, I almost choked on my tea. The wording, the writing style—if you didn’t see the signature, it really could be mistaken for an official’s resignation announcement.

"Upon investigation, the Federal Reserve Chair lost his ideals and beliefs, crossed the bottom line of discipline and law, accepted gifts improperly; sought benefits for others and received assets during his job adjustments; used his position to seek benefits for others in project contracting, payment settlements, and other areas, and illegally accepted huge amounts of assets; relied on his position to eat his position, causing significant damage to federal interests……"

Netizens mock US political struggles with familiar official report tone, and the humor hits the mark. But behind the joke is an extremely serious power struggle—even tinged with blood.

**Why has it come to impeachment?**

The superficial reasons are varied, but the core is only one: disobedience. In the eyes of those in power, your ideals should align with my policy goals, and your beliefs should unconditionally support my economic agenda. But this Chair? He’s a hard bone—insisting on institutional independence. What does independence mean? Simply put, you do your thing, I do mine.

**Where is the conflict of interest?**

The person in power is a typical low-interest-rate enthusiast—coming from real estate, inherently liking cheap money and abundant liquidity. He wants to aggressively cut rates, push up the stock market, make economic data look good, to prove the policy is successful.

But what has this Chair been doing in recent years? Stubbornly fighting inflation. Pushing rates above 5%, unwilling to cut rates significantly. It’s like someone stomping on the accelerator trying to hit 200 mph, while the other person in the passenger seat is desperately pulling the handbrake. Do you think the driver doesn’t want to kick the passenger out?

In the logic of those in power, maintaining high interest rates is seen as obstructing economic recovery, increasing the national debt interest burden, and fighting against it. This has become the biggest "conflict of interest"—on one side are political accounts (short-term prosperity, massive liquidity), and on the other side are economic accounts (currency stability, inflation control). Now, these two are at odds.

**Why do some support the Chair?**

Wall Street, though greedy, is not stupid. They understand: if monetary policy truly becomes a political tool, that would be the end of dollar hegemony.

Imagine this scene: the President tweets about cutting rates, and the next day the central bank cuts by 50 basis points. Is that still the dollar? That would be worthless paper.

Global capital dares to buy US bonds and hold dollars—where does their core confidence come from? From a set of independent, professional decision-making mechanisms that are not subject to political whims. The Chair now plays the role of guarding this mechanism. Supporters of him are actually supporting the integrity of the rules of the game.

What they truly fear is not the Chair stepping down, but a puppet who follows orders blindly. Because then, inflation could spiral out of control, and the dollar’s credibility could collapse—that’s the real systemic risk.

**Another layer of concern**

The phrase "rely on position to eat position" in the report has a deeper meaning in the US context. It’s not about accepting gifts, but information asymmetry.

A single decision by the central bank can cause global markets to fluctuate by trillions. If one gets wind of the decision before it’s announced, making money is faster than printing money. Although the Chair has become very restrained after early scandals and has implemented strict insider trading bans, in the eyes of opponents, the entire institution is fundamentally serving elites and harvesting ordinary people’s "deep power."

A certain entrepreneur recently reposted a tweet calling to "abolish the central bank," reflecting this sentiment. In the logic of "rebuilding greatness," these unelected technocrats hold too much power—controlling the economic life and death, yet not obeying elected leaders. This is unacceptable.

**What is the essence?**

On the surface, targeting individuals, but in essence, it’s the administrative power trying to swallow the monetary power. It’s radicals cleansing the establishment. No matter how funny the joke, it can’t hide the brutal power struggle behind it.

Legally, dismissing the central bank Chair outright is difficult; it requires proving inefficiency, dereliction of duty, or specific misconduct. Disagreements over policies alone don’t count. So, most likely, we won’t see him truly prosecuted for anything.

But there will be ongoing pressure, humiliation, and media bombardment—until he either compromises or quietly leaves at the end of his term in 2026. This show has only just begun.

While enjoying the jokes, don’t forget to keep an eye on your gold and USD assets. Because in a battle of gods, the ordinary people are the ones who pay the bill in the end.