The Federal Reserve's Defense Battle Reaches the Supreme Court.

According to the latest developments, Federal Reserve Chair Jerome Powell will unusually appear before the Supreme Court tomorrow to publicly support Board Member Lisa Cook. What does this move signify? Those paying attention to financial policy can sense its importance— the leader personally testifying indicates that the situation is no longer simple.

The core issue of this hearing is quite sensitive: Does the President have the authority to dismiss Federal Reserve Board members at will? Powell has previously publicly stated that some subpoenas are merely a pretense, and the real goal is to force the Fed to change its interest rate policy. In other words, is it possible for political forces to bypass market mechanisms and directly intervene in monetary policy? This question strikes at the very foundation of the dollar system.

If the Supreme Court's ruling is unfavorable to the Fed, the independence it has painstakingly maintained for a century could be compromised. At that point, will monetary policy still operate independently? Could it evolve into a purely political tool? Currently, Powell's term is set to end in 2026, and the market's uncertainty during this period could be amplified like never before.

This is essentially a deep contest over the credibility of the dollar. Powell's rare move precisely indicates that he has sensed the imminent pressure. Global markets are now watching to see how this will unfold.

What do you think? Can Powell hold the line this time?