#鲍威尔发言 Early yesterday morning, the market's focus was on Powell's speech, with many hoping his remarks would serve as a catalyst for a bull market. However, the outcome left many disappointed. Fortunately, the market continues to gradually recover, indicating that the resilience of both cryptocurrencies and traditional markets still exists.
Many may wonder: why doesn't the Federal Reserve heed Trump's advice? First, we need to understand the independence of the Federal Reserve. The Federal Reserve is the institution responsible for overseeing the vast U.S. economy, comparable to America's "Department of Finance," but its decisions affect not only the U.S. but also have far-reaching implications for the global economy.
The chair and board members of the Federal Reserve are elected by multiple factions, ensuring that its decisions are not swayed by a single force. Unlike (Trump's) term, the term of the Federal Reserve chair is longer, meaning the leadership of the Fed maintains its independence for a more extended period. While the president has the authority to nominate the Federal Reserve chair and other officials, these nominations must be approved by Congress. In simple terms, even the highest power holder in the U.S. cannot arbitrarily dismiss or appoint the Federal Reserve chair, allowing the Fed to make economic decisions from a more neutral stance.
Although conflicts with (Trump's) inconsistencies may sometimes arise. This is why any decision made by the Federal Reserve has a significant impact on the market. $BTC $ETH $SOL
