Tomorrow, the U.S. Supreme Court will hold a hearing. Honestly, this matter might be more serious than you think.

On the surface, it's a personnel dispute, but in reality, it's about a more fundamental issue—whether the President can directly command the Federal Reserve. The folks on Trump's side are very clear: "Dismiss any director who doesn't listen." If this actually happens, the Fed's century-old independence will be shaken.

We need to imagine the consequences. Whether the Federal Reserve raises or cuts interest rates will no longer be based on economic data but on what the White House wants. Want to stimulate the economy before the election? Just print more money. Want to boost your chances in the polls? Interest rates become a political bargaining chip. In this way, the credibility of the dollar is at risk.

Global assets are all tied to the dollar. Once the dollar's credibility is compromised, the crypto market, stock market, and bond market won't be able to escape. Central banks and institutional investors around the world are probably pondering what to do if this passes.

Six conservative Supreme Court justices hold this decision-making power. They must decide: defend economic independence at all costs, or allow political power to fully infiltrate monetary policy. The weight of their choice lies here.

Do you think the Federal Reserve's independence can still be maintained? Share your thoughts.