Every time the crypto market suddenly changes on a 'special day', with the candles jumping around like a roller coaster, someone always asks in Binance Square: 'What happened again?' The answer is usually two words — Powell.
Then the question arises, who is he?
Jerome Powell, the chairman of the U.S. Federal Reserve (commonly known as the Fed), a man whose words can make BTC plummet by $3,000 in an instant.
Born in 1953 in Washington, D.C., Powell graduated from Princeton University with a degree in political science (that’s right, financial bigwigs often start with politics), and then went on to earn a law degree from Georgetown University. He is not an economist by training, which makes him seem like a person who speaks in plain language among a crowd of theoretical masters — but that doesn’t mean he will be easy on the market.
His career has seen him in both government and Wall Street, and he has also been a partner at a private equity fund. Appointed as a Fed governor by Obama in 2012, he was nominated as Fed chairman by Trump in 2018, succeeding the former chair Yellen. From then on, his words became the remote control of the market.
His job? Simply put: deciding how expensive money is.
Whether to raise or lower interest rates, to shrink the balance sheet or to inject liquidity, directly affects the strength of the dollar — and when the wind blows for the dollar, the crypto market shakes like a leaf. Powell saying 'inflation is stubborn' is more impactful than you dumping your position. Did your contract get liquidated? It’s not BTC that betrayed you; it’s Powell speaking.
So, when you see keywords like 'FOMC', 'Federal Reserve meeting', or 'PCE data release' in Binance Square, don’t look confused anymore. The market is waiting for the latest speech from 'Teacher Powell'. Remember to eat well, sleep well, and prepare tissues and anti-diarrhea medicine in advance — you never know if his next words will be 'soft landing' or 'hard landing'.
Now you know, the man you cursed at three in the morning is not some evil programmer or a trading counterpart, but a middle-aged American in a suit, with a calm tone, who speaks more effectively than anyone else.
His name is Powell. Nice to meet you.#鲍威尔发言 #币安投票下币
