“Where does this flood of dollars come from? We need to figure it out! If others are flooding, it might drown our backyard!” Plain language interpretation: Federal Reserve Chairman Powell spoke today, and the core message is simple: the U.S. needs to keep a close eye on what other countries' governments and central banks are doing! Why? Because their policy actions (such as raising or lowering interest rates, or implementing stimulus) will significantly impact the U.S. economy and financial markets, especially the dollars we hold! Old Powell specifically revisited historical events, pointing out the collapse of the Bretton Woods system in the 1970s (simply put, the complete decoupling of the dollar from gold). He said that change fundamentally altered the way money is handled globally! Currently, exchange rates are primarily managed by the U.S. Treasury (the Federal Reserve manages interest rates). He emphasized: policymakers must be fully alert to the potential 'turbulence' in the dollar exchange rate! This is no joking matter; if the dollar goes on a roller coaster ride, the wallets of ordinary families and the business costs of companies will suffer as a result, and that’s a real pain! Powell's speech actually contained a lot of information! Although he didn't directly address the most concerning issues in our crypto circle, such as 'interest rates up or down' or 'is the economy cold or hot' (which is a bit disappointing), he strongly hinted at the complexity and interconnectivity of the global financial market, especially the volatility of the dollar as a super variable! What does this indicate? A breeze in the periphery causes the dollar to shiver, and the global market will tremble too! We surf the crypto circle; those who understand the power of this dollar tide know what I mean, right? If you currently feel helpless and confused in trading, and want to learn more about the crypto space and first-hand cutting-edge information, click on my profile and follow me, so you won't get lost in this bull market!