#数字资产市场动态 🔍The Federal Reserve's independence faces tests; how will the market respond to policy shifts?

Recently, a hearing concerning the U.S. monetary policy system is about to take place. Federal Reserve Chair Jerome Powell plans to attend oral arguments at the Supreme Court at 23:00 Beijing time on January 21, involving issues related to the impact of administrative authority on the term lengths of Federal Reserve Board members. This legal dispute may seem like a political issue, but it directly touches on the stability of global asset pricing.

📊Core Focus Analysis

The key point of this hearing is: Can the executive branch bypass legal procedures to arbitrarily adjust the personnel of the Federal Reserve? On the surface, it’s a question of power boundaries, but fundamentally it involves the independence of monetary policy formulation mechanisms.

Potential impacts on capital markets:

If the independence of the Federal Reserve’s policies is maintained—keeping the monetary policy framework stable, risk assets ($BTC, $ETH, etc.) benefit from policy predictability, and liquidity conditions remain relatively clear.

If constraints are broken—administrative influence on monetary policy increases, inflation expectations may fluctuate, and the U.S. dollar credit system could face pressure. This uncertainty often boosts demand for safe-haven assets, and some funds may flow into cryptocurrencies, seeking alternative asset allocations.

⏱️Timeline Marker

At 23:00 Beijing time on January 21, this ruling moment could become a dividing line for re-pricing global assets. Expectations for U.S. bonds, U.S. stocks, and exchange rates will adjust accordingly, and liquidity and risk appetite in the crypto market will also respond.

Continuously monitoring this judicial development is very meaningful for understanding subsequent macroeconomic environments and investment decisions.