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The Federal Reserve's independence is threatened, jeopardizing the stability of the global financial system
GateNews
ChainCatcher News reports that the U.S. Department of Justice has launched a criminal investigation against Federal Reserve Chair Jerome Powell, triggering chain risks among global central banks over the potential erosion of the Fed’s independence. This issue is not only related to the direction of U.S. monetary policy but also directly threatens a critical crisis management tool of the global financial system—the currency swap agreements. Analysts point out that if the U.S. ties swap agreements to geopolitical interests, the global crisis response capability will face severe tests.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
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