#Powell’s FOMC Debut: Is the Rate Cut Really Being Pushed Back to 2027?

In today’s debut, the one thing the market fears most has never been that he’s more hawkish—it’s that he simply deletes the words “rate cut” from the dictionary, and, as a bonus, slides the timeline all the way to 2027.
If the press conference really goes that far, it amounts to telling everyone plainly: the tightening cycle will be longer than everyone expected. Today’s BTC and ETH candlestick charts are the whole market’s real-time vote on this script.

As a jaded retail trader reading between the lines, I’d say Powell probably won’t give Trump much leeway. When a new official takes office, there are usually “three fires” to start with—first, he has to establish the independence of the Federal Reserve. Leave Trump room to work? Then tomorrow he’ll get torn apart by Congress and the media. Making hawkish statements is the safest move—both to steady his own position and to kick the ball back to the White House.

So the outcome is this: today, BTC and ETH are likely to first wipe out some liquidity, and then we’ll see whether he actually dares to say those three digits—“2027.” If he dares to say it, the market keeps sleeping; if he doesn’t, the bears pop the champagne straight away.