鲍威尔去留成“定时炸弹”，“抛售美国”恐卷土重来！

Core Viewpoint - The article discusses the potential implications of President Trump's calls for Federal Reserve Chairman Jerome Powell to resign, highlighting concerns over inflation risks and the independence of the Federal Reserve [1][2][4]. Group 1: Federal Reserve and Monetary Policy - Investors are adjusting their portfolios in response to rising inflation risks, as a more dovish Federal Reserve could lead to higher prices and increased borrowing costs for mortgages and corporate bonds [1][2]. - Trump's repeated criticism of Powell and calls for his resignation raise concerns about the independence of the Federal Reserve, with analysts warning that perceived political manipulation could increase market volatility [1][4][6]. - The recent FOMC minutes indicate that most policymakers remain cautious about supporting rate cuts due to potential inflation risks from tariffs [2][6]. Group 2: Market Reactions and Predictions - The yield on the 30-year U.S. Treasury bond recently surpassed 5% for the first time since May, driven by concerns over the U.S. fiscal deficit and the risk of Powell's departure [3][6]. - Analysts suggest that while short-term bond yields may decline due to anticipated rate cuts, long-term yields could rise due to persistent inflation and diminished institutional trust [2][6]. - Investment strategies are shifting, with some analysts recommending a move from U.S. Treasuries to gold and high-quality stocks, as the risk-reward profile for government bonds appears unfavorable [3][6]. Group 3: Future Outlook - The potential for a "shadow" chairman to influence monetary policy is considered low, but the risk of economic predictions being affected remains a concern [4][6]. - Investors are increasingly factoring in the possibility of weakened Federal Reserve independence into their investment strategies, with some suggesting that this could lead to a global withdrawal from U.S. markets [6][7].