Farewell to Powell. He once tried to break down the currency belonging to God in the language of mortals. Now, the era of the “Federal Reserve you can understand” is slowly drawing to a close.

From “Translator” to “Curtain Call”

Powell’s most valuable effort was to take on the role of the market’s “translator,” not to sit on a pedestal as a “prophet.” He tore away the hazy veil of the Greenspan era, making interest-rate language— for the first time—clear enough for ordinary people to hear.

A Plain Dilemma

Why must such an era eventually end? Because in the years when inflation ran rampant, being overly clear means losing room to maneuver. When “plain language” can no longer soothe the market’s tremors, the Federal Reserve may have to relearn— the power of silence.

A Remaining Crossroads

Powell’s departure is not only the exit of a chairman. It also means the Federal Reserve stands at a crossroads of consensus: between “absolute transparency” and “strategic ambiguity,” the scales quietly tip, and the road ahead is still not yet clear.$BTC $ETH $DOGE