#美联储降息 The Federal Reserve is causing chaos again—Powell strongly pushes for a 25 basis point rate cut, resulting in a complete internal split.

Talking about a split is no exaggeration. Out of the 12 regional Fed banks, only 4 give the nod, and 6 members of the policy committee insist on keeping interest rates between 3.75% and 4%, even the former Philadelphia Fed president has come out saying this rate cut is a mistake. Powell claims that disagreement is normal, but the atmosphere at the meeting... even someone of his stature couldn't control it. The new chair will likely face huge troubles once in office; once consensus breaks down, it’s hard to rebuild.

For the crypto world, this internal feud has a significant impact. In theory, rate cuts are bullish for risk assets—liquidity is loosened, so money should flow somewhere. But the problem is, the Fed itself is in chaos; no one knows whether they'll continue to ease or suddenly switch gears. This uncertainty most affects prices—crypto prices tend to swing wildly with every piece of news, making it hard to establish a stable trend.

On the other hand, last week’s initial jobless claims data exploded, increasing by 44,000. Coupled with layoffs at Pepsi, HP, and others, it gives the dovish camp more ammunition. In the short term, liquidity expectations might warm up a bit, providing some support to the market. But honestly, inflation hasn't met the target yet, and policy itself is wavering—can this support withstand the subsequent selling pressure? Nobody can say for sure.

All in all, is this internal discord within the Fed a short-term positive for crypto assets or a calm before the storm? This is indeed a question worth pondering. What’s your take?