Things have been quite lively over in the United States these days. The day before yesterday, Powell just announced a 25 basis point rate cut, and within two days, U.S. Treasury Secretary Bessent publicly criticized him, saying he has 'old thinking' and 'outdated models.' He also complained that Powell's speeches are too conservative and do not align well with the government's pace of rate cuts.
The meaning is actually very clear: Master Powell, you are moving too slowly, always thinking about preventing inflation and unwilling to ease up early. Now the economy needs saving, and votes need consideration. If you are still hesitating, then we can only 'ask you to step down.'
Interestingly, Bessent has already said that he will start interviewing successors in early December, aiming to finalize the new chairman before Christmas. There are already five candidates on the list, all of whom are of the 'dove' type—meaning they are more supportive of easing and interest rate cuts.
This is actually quite interesting for the crypto world.
If Powell is really replaced early, the new person will definitely be more aggressive in easing. Once the Federal Reserve eases, there will be more liquidity in USD, which is generally favorable for assets like Bitcoin and Ethereum in the long run.
Of course, such matters won't immediately reflect in prices in the short term, but what can be confirmed is that internal opinions within the Federal Reserve are no longer unified, and future monetary policy may lean more towards a 'looser approach.'
Take it steady; this is considered a potential positive sign, but don't rush to invest heavily. Let's see if there will really be any changes in personnel in December.
