The Fed interest rate vote may face division! Trump's appointment of a board member may oppose Powell's decision to maintain interest rates, the crypto market closely watches the decision-making direction.

According to the latest report from The Wall Street Journal, there may be a rare divergence in the interest rate voting at today's Fed policy meeting. Governors Waller and Bowman, appointed by Trump, may oppose Chairman Powell's decision to keep interest rates unchanged, advocating for an immediate rate cut. If this happens, it will be the first time in over thirty years that multiple people oppose the chairman. This decision would have a significant impact on the liquidity of the crypto assets market, and crypto investors are closely following Powell's speech.

Fed Interest Rate Decision Discrepancy Warning According to a recent report by Wall Street Journal reporter Nick Timiraos, the Fed's policy meeting today may see rare dissent among the board members. The report indicates that two board members appointed by former president Trump—Christopher Waller and Michelle Bowman—are expected to oppose the interest rate decision that Fed Chair Jerome Powell may make.

Maintain vs. Immediate Rate Cut The market widely expects that Chairman Powell will maintain the federal funds rate target range at 4.25%-4.5%, a level that has remained stable since January of this year. However, Timiraos reported that governors Waller and Bowman may break ranks and advocate for immediate interest rate cuts. If both cast opposing votes, it would mark a historic moment as it would be the first time in over thirty years that multiple governors opposed the chairman in a single meeting. The two governors have previously expressed concerns about the Fed's monetary policy, increasing the likelihood of a split vote at today's FOMC meeting.

Calls for Rate Cuts from Potential Presidential Successors It is worth noting that Waller and Bowman are strong candidates to succeed the chair position after Powell's term ends in May next year (other competitors include Kevin Warsh, Kevin Hassett, and Scott Basset). As a top bank regulator, Bowman broke her silence last September by casting a dissenting vote, opposing a larger rate cut and advocating for more moderate adjustments. In June this year, Bowman made it clear:

"If inflationary pressures remain under control, I will support a rate cut at the next meeting to bring the policy interest rate closer to neutral levels and maintain a healthy labor market. At the same time, I will continue to closely follow the evolution of economic conditions." At the same time, strongly advocating for monetary easing board member Waller positioned potential dissent as a matter of principle rather than a political stance. He stated plainly in mid-July: "I believe we should lower interest rates at the meeting in two weeks... Given that inflation is close to the target and the upside risks are limited, we should not wait for the labor market to deteriorate before adjusting the policy interest rate."

Crypto Assets community closely follows Fed's movements Currently, Crypto Assets traders are closely following Powell's speech today to confirm the Fed's interest rate decision and its potential impact on future liquidity in the crypto market. Notably, President Trump’s recent visit to the Fed headquarters has intensified the pressure on the central bank to reassess its monetary policy, making its appointed governors more inclined to push for an immediate interest rate cut. The Fed's decisions have a significant impact on Bitcoin and Ethereum price fluctuations, and crypto assets investors should be cautious of the market volatility risks brought about by the decision.

Conclusion: Regardless of today's voting results, the rare signals of internal divergence within the Fed have heightened market vigilance. Governors Waller and Bowman, who advocate for interest rate cuts, are popular candidates for the next chair, and their positions may profoundly influence the future monetary policy path. Crypto asset investors should closely follow the changes in market liquidity after the decision is announced and timely adjust to the volatility risks brought by changes in Fed interest rate policy. The outcome of this FOMC meeting is particularly critical for the short-term trends of crypto assets.