Federal Reserve Chairman Powell is under criminal investigation by the Department of Justice, posing a serious threat to the central bank's independence. Powell fought back hard, accusing the government of pressuring the government to cut interest rates. Central banks around the world planned to unite in support, and the Governor of Canada was the first to express support. The market's business community is privately shocked but publicly silent as Republican senators plan to block Trump's nominee. This game between politics and central bank independence tests the cornerstone of global financial stability.

The Bank of Japan's benchmark interest rate rose to a 30-year high of 0.75%. The January meeting is expected to remain unchanged, but the weakness of the yen has become a key variable. Sanae's plans for an early election triggered volatility in the high market, and the yen fell to an 18-month low. The transmission effect of inflation has strengthened, and some officials advocate raising interest rates ahead of schedule in the summer. The market predicts that interest rates may rise to 1% in September, and the terminal interest rate is expected to be 1.5%. The central bank needs to balance assessing the effects of policies with responding to political fluctuations.

Federal Reserve Chairman Powell is under criminal investigation by the Department of Justice, posing a serious threat to the central bank's independence. Powell fought back hard, accusing the government of pressuring the government to cut interest rates. Central banks around the world planned to unite in support, and the Governor of Canada was the first to express support. The market's business community is privately shocked but publicly silent as Republican senators plan to block Trump's nominee. This game between politics and central bank independence tests the cornerstone of global financial stability.

Wmax analyzes the reasons for the rise in gold prices in 2026, including monetary policy, geopolitical risks, central bank gold purchases and industrial demand, and provides market trends and risk references.

2025年下半年非农数据现”新增就业与失业率同步上升”背离，12月收官数据显示全年仅增58.4万人为2020年来最弱，美联储1月降息概率骤降至2.8%。数据传导推升黄金至4600美元，美元指数下跌1.2%。需关注就业品质与12月CPI，避免单一指标误判。

An in-depth analysis of the systematic restructuring of the monetary policy framework of global central banks in early 2026. Discuss how the Federal Reserve, the European Central Bank and the Bank of England shifted their focus from a single inflation target to financial stability risks and the lag effect of tightening. Wmax Macroscopic observation helps you identify the dual-track monitoring mechanism of financial conditions and policy interest rates in the policy response function, analyze the deep changes in cross-border capital flows and market pricing structures in 2026, and grasp the institutional anchor points during the transition period of policy logic recalibration.