On April 30, the Federal Reserve held an interest rate decision: 12 voting members, 4 opposed.

One said the rate cut should happen immediately—by 25 basis points.

Three said, “You don’t have to cut, but don’t present in your statement as if you’re going to cut.”

Investment banks all thought the word “further” would be removed, but it wasn’t.

This was Powell’s last meeting as chair—he stubbornly pressed down the “dovish” coffin lid.

But these 4 dissenting votes are not opposing the rate; they’re opposing the man himself.

Powell is truly a lone wolf this time.

Governor Milan—calling for a rate cut publicly for the second consecutive meeting.

Three regional Fed presidents—don’t oppose the rate itself; what they oppose is, “Powell, what are you pretending for?”

You need to understand: the “division” within the Federal Reserve began as far back as July 2025.

2 votes against on October 2, more in December—now it’s directly 4 votes.

This isn’t a technical disagreement; it’s a collective showdown before power changes hands.

All the materials point to one name: Wush.

Wush becomes Fed Chair on May 15.

What did he say at the hearing?

“[A] chaotic meeting,” “internal struggles.”

He isn’t describing problems—he’s laying the groundwork for justifying a purge.

You’re stirring trouble, huh? Fine—I’ll wrap things up.

Wush isn’t Powell 2.0. He’s the Fed’s version of “cleaning up the workplace.”

His past stance does indeed fall into the category of “supporting rate cuts.”

But the thing is—he doesn’t need to discuss it with anyone.

These 4 dissenting votes give him a perfect excuse:

“Look, everything’s in chaos internally—someone has to unify the route.”

His first statement after taking office won’t be a signal for rate cuts; it will be a “demonstration of power.”

How does he demonstrate it?

First, go hawkish hard, and crush everyone’s expectations of rate cuts.**

Once the market has accepted it, then slowly let them off—one by one.

That’s not “pigeons.” That’s **dog-walking**.

What does this mean for the crypto market?

In the short term: bearish.

Because the market will price in: “Wush takes over = the chaos ends = no rush to cut rates.”

In the medium term: extremely bullish.

Because once he settles internal issues, the policy path will become as clear as a highway*—a nuclear-level positive for risk assets.

But the premise is: you have to live long enough to reach that point. #美联储利率不变但内部分歧加剧 $BTC