Group 1 - The criminal investigation into Federal Reserve Chairman Powell is seen as a "stress test" for the independence of the Federal Reserve, rooted in Trump's dissatisfaction with the current high interest rate policy [2] - A joint statement from nine central bank governors emphasizes the importance of maintaining the independence of the Federal Reserve, expressing solidarity with Powell [1] - The investigation is perceived as an attempt to undermine the Federal Reserve's independence, which is crucial for the performance of the U.S. economy [1] Group 2 - The ongoing investigation has led to a structural shift in asset allocation, with traditional safe-haven assets like gold gaining prominence as the trust in the dollar declines [2] - The strong performance of gold indicates a shift from being a traditional interest-sensitive asset to a tool for hedging against global currency credit risks [3] - Investors are advised to either extend their investment horizons to capture long-term trends or shorten them to seize short-term trading opportunities, emphasizing the need for risk management [3]