Three former Federal Reserve Chairmen jointly support Powell, warning that the independence of the Federal Reserve is under threat

【BlockBeats】The direction of Federal Reserve policies has always been a focal point for the crypto market. Recently, there has been a significant development—three former Federal Reserve Chairpersons have come forward to speak out for the current Chair. They jointly issued a statement supporting Powell in resisting political pressure. These three former Chairs believe that the criminal investigation against Powell is indeed rare and directly state that this is an unprecedented blow to the independence of the Federal Reserve. From a market perspective, the independence of the Federal Reserve is crucial to global financial stability—it influences interest rate policies, liquidity supply, and subsequently affects risk pricing across the entire crypto asset market. Behind this political turmoil is a tug-of-war over the central bank’s autonomy, which warrants close attention to how its subsequent developments will impact policy-making.