The Federal Reserve's palace intrigue is getting more and more ridiculous, with the Justice Department stubbornly refusing to let go of Powell, causing successor Walsh to be unable to take office for a long time. Originally, the judge had dismissed the subpoena, wanting to find a way out for both sides, but now the White House and the Justice Department are at odds again, insisting on appealing to the end.
Old investors watching this drama find it really intense. This kind of top-level power struggle directly blurs the expectations for future monetary policy, and this wave belongs to the classic 'internal friction' bearish scenario. The market is not afraid of interest rate hikes or cuts, but what it fears is that the Federal Reserve is leaderless, with the credibility of the dollar and the liquidity of U.S. Treasuries being repeatedly rubbed in the legal tug-of-war. Powell is still holding on to his position, while Walsh waits outside, and this uncertainty is the mother of volatility. Everyone should not rush to heavily invest; given the situation, these people in Washington will still have to bicker for a while longer, so it's better to hold steady and enjoy the show. #FED #Macro #Powell #Warsh $BTC $ETH
