Washington's largest satire unfolds just like that.

Investigations against Powell initially appeared aggressive, but what was the result? Not only did they fail to weaken his authority, but they actually pushed the Federal Reserve's independence into the spotlight. The market's reaction was the most honest—USD under pressure, gold rising, silently conveying a bottom line: dare to threaten the independence of the central bank, and the financial markets will give you a slap.

What’s more ironic is the retreat and advance of those involved. On one side is former White House advisor Hasset, who struggles to endorse the investigation but ends up in a passive position. On the other side is former board member Wosh, who remains restrained and silent, while the support voices quietly rise. The political calculations this time were thoroughly misjudged.

Looking deeper, the logic is actually very clear: the global financial markets treat the independence of the Fed as a lifeline. The more brutal the political pressure, the more the central bank must stand firm to maintain credibility. Those hoping that political pressure can bring rate cuts as a dividend need to wake up.

The outcome of this game has changed market expectations. When the credibility of the traditional financial system is questioned, traditional safe-haven assets like gold are being re-priced, and the decentralized narrative in the crypto market is also being re-evaluated. In the short term, Powell’s attitude will inevitably become more cautious—but this is not about raising interest rates, but about using absolute prudence to safeguard policy space.

Stop just focusing on the timing of rate cuts. The real investment logic is actually "hedging + patience." Has this farce changed your view on asset allocation? How do you see the line between central bank independence and politics?