Trump "2.0" challenges the independence of the Federal Reserve, putting Wall Street on edge.

[Trump "2.0" Impacts Fed Independence, Wall Street on High Alert] Mars Finance reports that on December 29th, with Trump ushering in the "2.0 era," the Federal Reserve is facing unprecedented political pressure. Trump not only made a rare public appearance at a Fed construction site to argue with Chairman Powell, but also repeatedly criticized its monetary policy, and was even reportedly attempting to weaken Powell's influence through a "shadow chairman" mechanism, triggering market concerns about the central bank's independence. The report points out that Trump has accused Powell of "political rate cuts" and has turned his attention to other members of the Federal Open Market Committee (FOMC), including attempting to push for the removal of Fed Governor Cook, a case scheduled to go to trial in January. This move is seen as a major challenge to the boundaries between the White House and independent institutions. Against this backdrop, Fed officials and related personnel are adopting a "selective silence," emphasizing that policy is based solely on economic data to avoid further political conflict. Although analysts believe that the Fed's institutional independence and market oversight remain resilient, if high-level personnel are successfully interfered with, inflation expectations and market confidence may come under renewed pressure. Meanwhile, the White House is proceeding with the open selection process for the next Federal Reserve Chairman, raising market concerns that this will prematurely undermine Powell's authority and exacerbate internal divisions within the Fed. Wall Street generally believes that policy uncertainty is rising in the short term, and the Fed's century-old independence is facing a severe test.