Fed Chairman Powell has once again postponed the timeline for interest rate cuts, a decision that could trigger a series of chain reactions. As a long-time supporter of loose monetary policy, Trump is likely to express dissatisfaction with this decision.

The policy differences between Powell and Trump have a long history. Trump has consistently advocated for interest rate cuts to stimulate the economy, especially when the cryptocurrency market and stock market need liquidity support. However, Powell tends to take a more cautious approach, closely monitoring inflation data and economic fundamentals, and has repeatedly postponed interest rate cut plans.

This policy divergence has previously led to public criticism from Trump on multiple occasions. Whenever the Fed delays interest rate cuts, Trump expresses his dissatisfaction on social media, either criticizing this practice for hindering economic development or suggesting the need to change the leadership of the Fed.

For the cryptocurrency market, this decision may trigger some volatility in the short term. The market had previously anticipated an increase in liquidity due to a rate cut, but this expectation has now fallen through, and major cryptocurrencies like Bitcoin and Ethereum may experience a certain degree of fluctuation. However, in the long run, as long as the overall direction of the Fed's easing policy remains unchanged and institutional investors' patience persists, the market trend is unlikely to completely change direction due to a delay in a rate cut.

Next, the market will closely watch for any response from Trump and whether this 'policy expectation gap' will lead to market fluctuations. Regardless, this policy game between Powell and Trump always provides rich discussion topics for the cryptocurrency market.

It is worth noting that although interest rate cuts have been postponed, market participants are still paying attention to the Fed's future policy direction. Whether there will be a rate cut in September remains an open question, which will continue to affect market sentiment and investment decisions.