#美国贸易赤字状况 The Backstory Behind the Federal Reserve Chair Being Under Criminal Investigation: Will Interest Rate Policies Yield to Political Compromises?

On January 12, breaking news emerged — the U.S. Department of Justice filed criminal charges against Federal Reserve Chair Jerome Powell, ostensibly related to his Senate testimony last June and the renovation project at the Federal Reserve Board headquarters.

But Powell’s response directly hits the core: these charges are purely a pretext, with the real intention of pressuring the Fed’s interest rate decisions. He emphasized that the Federal Reserve’s monetary policy has always been strictly based on economic data and will not change course due to political pressure.

This is a rare move in U.S. history — criminal charges targeting a Federal Reserve leader. Powell publicly stated that he will continue to uphold his duties and make interest rate decisions independently.

The market’s main focus is on whether the Fed can continue to adhere to the policy principle of "economic data first" in the future, or whether interest rate decisions will be influenced by political factors. This issue directly affects the direction of global asset prices — including risk assets such as cryptocurrencies, which are highly sensitive to Federal Reserve policies. If the independence of policy is weakened, the trajectory of the dollar, bond yields, and even the valuation logic of cryptocurrencies like Bitcoin and Ethereum could be re-priced.