Viewpoint: The impairment of the Federal Reserve’s independence threatens the “lifeline” of global finance

The U.S. Department of Justice launched a criminal investigation into Federal Reserve Chairman Powell, triggering global central banks’ concerns about the chain-related risks of the Federal Reserve’s independence being impaired. This is not only related to the direction of U.S. monetary policy, but also directly threatens the currency swap agreement, a key crisis tool of the global financial system.