#以太坊大户持仓变化 January 12th Breaking News — The U.S. Department of Justice has launched a criminal investigation into Federal Reserve Chair Jerome Powell.

The superficial reasons sound bizarre: pointing to testimony before the Senate last June and the Fed headquarters renovation project, which indeed resulted in grand jury subpoenas. But Powell saw through the substance immediately — these two issues have nothing to do with any indictment.

He was frank: the real target is the interest rate policy. The Federal Reserve has always insisted on "letting the economic data speak," and refuses to be manipulated by political pressure. That is the true reason for the current government’s dissatisfaction.

Looking at this in a historical context, using criminal charges to target the Fed Chair is truly unprecedented. Powell also made it clear that this is a signal of government pressure on the Fed’s independence. However, he stated that he will stay committed to his duties and continue to make decisions based on economic data.

This incident has caused major issues in the market: if the Fed’s interest rate decisions start being influenced by politics, how much credibility will monetary policy have in the future? The crypto market has always been sensitive to Fed policies — once interest rates are no longer driven purely by economic data, volatility will definitely increase. Investors are now essentially betting on whether the Fed can hold this line.