Next week, the U.S. Supreme Court is set to hear a case, and the true game behind this litigation goes far beyond the surface. On January 21, the focus will be on the dismissal case against Cook — the apparent reason is mortgage fraud allegations, but the real issue is a power struggle over the independence of the central bank.

The key question here is: if the White House wins, the long-standing independence of the Federal Reserve could be seriously shaken. The era of political forces directly intervening in interest rate decisions may truly be upon us.

What’s even more noteworthy is Powell’s position. His term extends until 2028, which means he is likely to be the most solid barrier against certain "rate cut agendas." The Department of Justice’s investigation into the sitting chair is a rare move, and the first in history. Powell has already received a subpoena — this is no small matter; it’s a showdown.

Now the market is speculating: will Powell hold the last line of independence? Will there be an unexpected shift in FOMC voting? Deutsche Bank analysts compare this dispute to a modern-day "Ekers Defense." If Trump’s side prevails, can the Federal Reserve still be considered an independent institution?

The most immediate reactions are already visible in the market. The dollar is under pressure, stocks are falling, bonds are declining — these signals indicate the market is preparing for greater uncertainty. For those holding assets like $ETH, $XRP, #2026年比特币价格展望 , changes in central bank policies often mean a dramatic shift in liquidity environments. Keeping a close eye on next week’s court proceedings may be more important than studying any technical indicators.