#策略性加码BTC $DOLO $ETH The Federal Reserve Policy Shift: The Liquidity Crisis Behind the Subpoena

The Department of Justice's criminal investigation into the Federal Reserve has suddenly intensified. This is not a simple project audit but a direct test of the central bank's independence under political pressure.

On the surface, the investigation into the building renovation seems routine. But the underlying logical chain is emerging—dissatisfaction from the Trump administration with the pace of rate cuts, Powell's previous comments mentioning the impact of "Trump tariffs" on rate decision-making, these fragments are being connected into a power struggle.

The most dangerous aspect is not the investigation itself but market expectations that Powell might resign. If this expectation materializes, the current rate cut forecast framework will be completely rewritten. If the successor adopts a more aggressive policy stance, the liquidity environment will undergo a qualitative change—this will have a profound impact on the volatility pattern of the crypto market.

In the short term, any news about instability in the Federal Reserve's management will intensify market panic, and volatility spikes are already emerging. From a long-term perspective, greater caution is warranted: if political forces ultimately influence the Fed's decision-making independence, rate cuts could evolve from market expectations into political mandates. When liquidity policies are driven by political goals, the scale of funds released will far exceed current market pricing.

This intersection at the crossroads of power and policy. Powell's job stability will directly determine the future direction of liquidity.