BTC, ETH, BNB markets are once again stirring waves.

U.S. President Trump’s attitude towards Federal Reserve Chair Powell has sharply intensified. Recently, he sent a strong signal in public, openly stating that he "still very much wants to fire Powell," and even revealed that he is evaluating filing a lawsuit against him on the grounds of "gross misconduct." Concerns about the independence of the Federal Reserve are spreading rapidly.

On December 29, Trump was asked at a press conference at Mar-a-Lago about his choice for the next Federal Reserve Chair. He gave a rather vague answer — he "already has someone in mind," and the candidate has not changed, hinting that an announcement will be made at an appropriate time in January next year. The topic suddenly shifted, with direct criticism of Powell, saying he "should have resigned long ago." He also revealed that he had temporarily shelved the idea of dismissing Powell due to significant market volatility, but the thought has never truly disappeared.

Interestingly, Trump also mentioned a sky-high renovation project at the Federal Reserve, implying it could be used as a legal loophole, though he has not disclosed specific details, leaving much to the imagination.

The competition for the current successor has become fierce. Industry insiders generally favor Kevin Hasset, Director of the National Economic Council, while former board member Kevin Waugh is also a clear supporter of Trump. Current board members Waller, Bair, and BlackRock executives have also been named.

Ultimately, all conflicts point to the same issue: the pace of rate cuts. Trump believes Powell "always lags behind," and he hopes the new chair can significantly and quickly cut rates to lower mortgage rates and fully cooperate with the White House’s economic strategy. As the power struggle intensifies, the Federal Reserve’s policy direction is becoming a new source of uncertainty in the global markets.