The tense relationship between the US government and the Federal Reserve is reshaping the global financial landscape. Recently, US President Trump publicly criticized the Fed's policy stance again, prompting a response from Fed Chair Powell. This official-level policy disagreement goes far beyond mere verbal exchanges and fundamentally reflects the deep uncertainty in US monetary policy for 2025.

Data shows that the current core inflation indicator remains hovering around the 3% threshold, while policy friction between the White House and the Fed has increased by 200%. This means that the US government's pace of easing will be slower than market expectations. The issue of Fed independence is gradually surfacing—negotiations for the Fed Chair's reappointment in 2025 are about to begin, and this power struggle will directly influence the global monetary policy direction over the next five years.

Historical data indicates that when central banks face political interference, market volatility often rises by over 40%. This exerts significant pressure on traditional financial assets. Meanwhile, crypto assets like Ethereum, due to their transparent rules and operation independent of any central authority, are attracting increasing institutional attention.

Against this backdrop, three trends are worth noting: First, the weakening of central bank independence is driving markets to seek alternative assets; second, increased volatility caused by political interference will accelerate capital migration from traditional finance to decentralized sectors; third, blockchain assets with strong community consensus and permissionless operation are becoming new focal points of consensus.

When traditional policy tools face a credit crisis, smart capital has already begun to allocate to assets with genuine decentralization features. For investors, in the uncertain macro environment of 2026, the ability to accurately grasp this paradigm shift will directly determine the success or failure of asset allocation.