Just now, the Federal Reserve has completely changed!

$ETH ‌
The countdown to Powell’s era. The Senate just confirmed: Kevin Wirth has secured a board seat, with a 14-year term starting next February. The more explosive news—he will soon succeed Powell and take the chair position.

Who is Wirth? A hawk, known for resigning directly in opposition to QE2 back in the day. But now his stance has suddenly shifted: supports rate cuts, wants to shrink the balance sheet, and even thinks the Fed is too “transparent.” He says the dot plot is nonsense and wants to develop a new approach.

The market is directly stunned. Inflation hasn’t been contained yet, the Middle East is pushing oil prices higher again, and Goldman Sachs has pushed the rate cut expectations to after December. The new officials are making bold moves—are they trying to fight inflation or the economy?

And there’s another drama: after Powell steps down as chair, he will remain on the board. Two big figures in the same room—future meetings might turn into palace intrigues.

Wirth claims to “maintain independence,” but everyone heard Trump shouting for rate cuts in the background. Do you believe it?
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Comment below: Can the new chair save the crypto world, or will there be another big shakeout?