Regarding the Federal Reserve's next move, industry analysts have differing opinions. Some experts believe the current situation could evolve into a prolonged standoff, which also increases the likelihood of the current chairperson remaining in office.

From a historical perspective, the choices made by past Federal Reserve leaders when facing political pressure are quite instructive. A major investment bank compared the current situation to a historical leadership change at the Fed, where the chair at the time chose to stay in position under presidential pressure until the end of their term, becoming a symbol of the Fed's independence.

Interestingly, even if the president intends to replace the Fed chair, there could be a "rebound" within the Federal Open Market Committee (FOMC). This means that even if a new leader takes office, they may not easily control the Fed's operations. A chief economist at a major investment bank pointed out that if the government takes a tough stance against the current chair and the legislative body resolutely blocks the nomination of a new candidate, the committee is likely to maintain the status quo—allowing the existing team to continue managing the Fed.

Currently, the market is waiting for the wind to change. The consensus among traders is that there will be no major moves at this month's policy meeting. According to futures market data, traders expect the actual rate cut to start only in June. This indicates that short-term interest rate policies will remain stable for now, but long-term expectations are still being adjusted.

It is worth noting that the market's reaction to these policy uncertainties is quite subtle—dollar depreciation, falling stocks, and declining bonds. A macro strategy leader at an asset management firm warned that behind these seemingly mild fluctuations, there are deep market anxieties. If this uncertainty continues to ferment, it will become even more difficult for the market to digest.

In summary, the uncertainty surrounding the Fed's policy direction is becoming a key variable influencing global asset allocation. Investors need to closely monitor changes in interest rate expectations, especially whether the June rate cut will occur as scheduled, as this will directly impact the subsequent trends across various markets, including digital assets.