## The Federal Reserve's Policy Has No Preset Trajectory; Powell: Each Meeting Is a New Judgment

According to ChainCatcher, Federal Reserve Board Member Powell recently emphasized that every decision-making meeting of the Federal Open Market Committee (FOMC) requires independent assessment based on the latest data, rather than following a predetermined policy roadmap. This statement conveys an important signal: monetary policy has no fixed direction, and market expectations for future interest rate trends need to be dynamically adjusted.

Powell's remarks break some assumptions about the consistency of Federal Reserve policy. In past market expectations, investors often tried to infer the subsequent direction based on the policy tendencies of previous meetings, but the current Board Member explicitly pointed out that such assumptions may not hold. This means that the crypto asset market needs to remain vigilant to every decision made by the Federal Reserve, rather than assuming monetary policy will evolve along a fixed trajectory.

For traders and holders, this statement highlights the importance of risk management— the Federal Reserve's decision-making is more flexible, and potential policy changes could be more sudden, directly impacting asset pricing logic.