The Federal Reserve's independence is in question. How will the US dollar break through this year?

【CoinDesk】How will the US dollar perform this year? Some research institutions point out that as pressure on the Federal Reserve intensifies, dollar fluctuations may be driven higher.

The key lies in the source of this pressure. The market has been speculating—government demands for rate cuts, pressure on the current Federal Reserve Chair—these could all undermine the Fed’s independence. It sounds risky, but the story is not over.

Another perspective suggests that the FOMC’s internal checks and balances might come into play. After all, the inflation issue has not been truly resolved, and other members may not cooperate with a Chair inclined toward aggressive rate cuts.

To summarize: Uncertainty about the Federal Reserve’s credibility could indeed put downward pressure on the dollar, but this pressure has an upper limit—it won’t turn into an out-of-control crash. In other words, the dollar faces volatility pressure rather than collapse risk. For on-chain traders, this means being prepared for higher volatility.