The new Federal Reserve voting member, Powell, recently made statements that drew market attention. Her core view is straightforward—no rush to cut interest rates, stay the course for now. Why? In her opinion, the priority of employment issues actually outweighs inflation. What does this mean? In the short term, the Federal Reserve will continue to maintain the current interest rate level, using high interest rates to suppress the upward momentum of prices. But don’t be too pessimistic. She also hinted that once inflation data further declines, coupled with improvements in the employment market, a moderate rate cut is possible—ultimately depends on subsequent data performance. For the digital asset market, this kind of policy signal often indicates an approaching liquidity turning point, which is worth close monitoring.