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[Judicial Turning Point Has Arrived] Can the Federal Reserve's Independence Hold?

Everyone, there's a major case about to be heard these days—concerning whether the President has the authority to dismiss Federal Reserve Board members. On the surface, it's a legal lawsuit, but in reality, it affects the entire monetary policy system.

Think about it: if the court rules that the White House has this power, then the President's direct intervention in interest rates and liquidity policies would have a legal basis. UBS has already hinted that if this happens, Chairman Powell's days could be tough. The independence of the Federal Reserve built over more than a century might really need to be redefined.

The issues are stacked here:
• The Department of Justice is still investigating the Fed's financial matters, which doesn't seem like a coincidence
• Powell's term extends to 2028, but if political interference becomes legal, the nominal term protection becomes meaningless
• Once the confidence foundation of the dollar and US Treasuries cracks, market expectations will adjust sharply—volatility in 2026 could be much more intense than now

A deeper question is: once the authority to set monetary policy begins to be driven by political factors, the global capital's expectations of the dollar's creditworthiness will be rewritten. This directly impacts risk appetite in the crypto market.

So, can you still calmly say "buy the dip"? Or, when the market's fundamental logic changes, should strategies also be adjusted?