Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
In 2026, the Federal Reserve faces a triple layer of pressure. The Supreme Court is reviewing the boundaries of presidential power, the FOMC interest rate decision, and the appointment of the central bank chair—these three events will all erupt in January, each capable of shaking the global financial markets.
The power struggle between the White House and the Federal Reserve is intensifying. The President has publicly questioned the current chair's policy direction multiple times, hinting at possible personnel adjustments, which directly undermines market expectations of the Fed's independence. In internal votes, new members with hawkish stances are gaining strength, and resistance to further rate cuts is clearly rising. Opposition votes in rate decisions are frequent, indicating that the committee's consensus is breaking down.
Market expectations are significantly diverging from actual data. Wall Street generally bets on 1 to 3 rate cuts in 2026, but the Fed's official policy path forecast (dot plot) only hints at one rate cut. The Chair emphasizes "making decisions based on data" in public, but current economic data itself is full of contradictions—inflation, employment, and growth indicators all tell different stories. This uncertainty is the root cause of market volatility.
Deeper variables stem from the wave of AI technology. The impact of artificial intelligence on economic structures is unprecedented; it could lead to a leap in productivity or trigger severe adjustments in the job market. For the first time in Fed history, monetary policy must be formulated against the backdrop of a "technological revolution," and even slight policy missteps could cause intense fluctuations in financial markets.
For crypto asset holders, several major decisions in January will be critical turning points for the market. The certainty of interest rate policies directly influences risk asset allocation preferences, while changes in the power structure could rewrite the entire policy framework. The market is holding its breath, waiting for the answers to be revealed.