#美联储政策 The recent changes in the Fed Chair candidate have sparked quite a bit of discussion. While reviewing these data, I have some interesting observations I’d like to share.

Wash’s probability has surged from 7% to 38%, Haskett’s has dropped from a high of 85% to 52%. What do these shifts reflect? Essentially, it’s a reshuffling of the traditional financial power centers. For our Web3 community, this actually hints at a larger trend—**the increasing uncertainty of centralized monetary policy**.

Imagine each policy decision by the Federal Reserve influencing global liquidity, which in turn directly impacts the crypto markets. When power transitions become so dramatic and so dependent on individual preferences, it’s easier to understand why decentralized finance (DeFi) is so significant. DeFi isn’t about replacing traditional finance; it’s about providing an alternative driven by smart contracts and community governance, without relying on a single decision-maker.

This policy upheaval, to some extent, is validating Web3’s original ideal—building a transparent, tamper-proof financial system truly governed by participants. When the selection of a central bank chair can fluctuate so dramatically, more people will start to consider: should we explore more autonomous ways to participate in finance?

This is a great time for us to continue accumulating knowledge and engaging with the ecosystem.