因担忧美联储丧失独立性，投资者抛售美国资产

Core Viewpoint - The article discusses the potential risks to the independence of the Federal Reserve under the leadership of Jerome Powell, particularly in light of political pressures and legal investigations surrounding his testimony to Congress [1]. Group 1: Federal Reserve Independence - Powell's statement emphasizes his commitment to independent monetary policy, despite facing a criminal investigation related to the Federal Reserve's renovation costs [1]. - The core issue revolves around whether the Federal Reserve can set interest rates based on empirical data and economic conditions, or if it will succumb to political pressures [1]. Group 2: Market Reactions - Following the announcement of Powell's situation, the market reacted negatively, with the dollar falling by 0.32%, U.S. Treasury yields rising, and gold futures increasing by 2.21%, reaching a historical high of over $4,600 per ounce [1]. - Analysts from ING noted that any signs of further intervention in the Fed's independence could pose significant downside risks for the dollar [2]. Group 3: Analyst Perspectives - Some analysts believe that the ongoing investigation could paradoxically reinforce Powell's position and the Fed's independence, as he may be more determined to demonstrate that decisions are data-driven rather than influenced by legal threats [3][4]. - There is a prevailing uncertainty in the asset management community regarding the future of the Federal Reserve, with some economists suggesting that the operational environment of the Fed is fundamentally changing [4].