The independence of the Federal Reserve threatens the stability of the global financial system

According to Jinshi reports, the U.S. Department of Justice has launched a criminal investigation into Federal Reserve Chairman Powell, raising concerns among global central banks about the potential risks to the independence of the Federal Reserve. This not only pertains to the direction of U.S. monetary policy but also directly threatens a key crisis tool for the global financial system—currency swap agreements. Analysts point out that if the U.S. ties swap agreements to geopolitical interests, the global crisis response capability will face severe challenges.