The Trump administration's criminal investigation into Powell and the impasse over Warsh's nomination have escalated the political game. The Federal Reserve has maintained a neutral stance dominated by economic data in the short term, and expectations for interest rate cuts have continued to cool. The Supreme Court and Congress have cross-party support to build a strong defense line for independence. The long-term direction depends on the triple resonance of the personnel structure and economic fundamentals.

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.