#美联储货币政策变化 Looking back, the Federal Reserve's monetary policy changes always influence the nerves of the global financial markets. This time, the discussion about the new chairman candidate reminded me of the days after the 2008 financial crisis. At that time, to save the market, Chairman Bernanke launched unprecedented quantitative easing, directly lowering interest rates to near zero levels. In hindsight, although that decision was highly controversial, it indeed helped the economy get out of the quagmire.

The current situation is somewhat similar, but also different. Haskett, the potential new chairman, seems to favor aggressive rate cuts and restarting quantitative easing. He believes that the current high interest rates are hindering economic growth and that tolerance for inflation is also higher. This reminds me of the "bold" monetary policies during Greenspan's era.

However, we must also heed the lessons of history. Excessively loose policies can lead to asset bubbles and long-term inflation risks. Especially in this special period, the cryptocurrency market is extremely sensitive to liquidity. If there is a significant rate cut and a restart of QE, it could trigger a wave of frenzied bull markets.

As someone who has experienced multiple cycles of bull and bear markets, I advise everyone to stay calm and cautious. Whether it’s the Federal Reserve or the crypto market, both are full of uncertainties. What we need to do is to remain vigilant while also keeping an open attitude towards the future. After all, every policy shift could bring new opportunities and challenges.