公开撕裂，美联储将换帅，特朗普发现不妙，中国大幅抛售美债

Group 1 - The Federal Reserve is facing unprecedented challenges to its independence as President Trump intensifies pressure on Chairman Powell, including a criminal investigation by the Justice Department [3][6] - Trump's internal team is divided on the approach to pressure Powell, with Treasury Secretary Mnuchin warning that such actions could destabilize financial markets and disrupt the leadership transition at the Fed [5] - Powell's strong response to the investigation emphasizes the importance of the Fed's independent decision-making in monetary policy, which has led to significant resistance against Trump's leadership change plan [6][8] Group 2 - Historically, direct presidential intervention in the Fed's independent operations is rare, and Trump's actions represent a serious conflict between political and economic rules [8] - Recent data shows that China has significantly reduced its holdings of U.S. Treasury bonds to $688.7 billion, making the UK the second-largest holder at $877.9 billion, reflecting concerns over the safety of U.S. debt and political uncertainty [8] - The reduction in Chinese holdings could have substantial impacts on the U.S. Treasury market, potentially increasing yields and financing costs, thereby exerting pressure on the U.S. economy and the stability of the dollar [8]