Recently, the turmoil surrounding the Federal Reserve has been escalating. Republican Congressman Kremer stepped up to support Powell, fiercely stating "he is not a criminal," and even warning that if the investigation continues, public confidence in the Federal Reserve will completely collapse. This attitude really says a lot.

On the other hand, BlackRock Chief Investment Officer Reid's comments are even more explosive. He directly said that the Federal Reserve must cut interest rates to 3%. This guy is also rumored to be a potential candidate for Fed Chair, so his words carry significant weight. He also emphasized that the Federal Reserve's position must remain independent, implying that policy should not be hijacked by politics.

But at this moment, New York Fed President Williams poured cold water on the situation. His view is completely opposite: lowering inflation cannot come at the expense of a collapse in the job market. That really hits home.

In plain terms, the market's expectations for rate cuts have long been hyped up, but insiders at the Fed are clearly walking a tightrope — they need to keep inflation in check while also caring for employment data, all while dealing with political investigation pressures. Reid's target of 3% sounds aggressive, but it actually reflects Wall Street's desire for easing policies. Williams' comments, on the other hand, burst the illusion of "rate cuts coming soon."

The question is: can Powell hold the line on inflation, employment, and public trust this time? Will political investigations derail the rate cut trajectory? Could the next trigger be employment data? Would love to hear your thoughts.