The policy-making process of the Federal Reserve System has always been a focus of public follow. However, regardless of how leadership changes, the essence and operational mechanism of the Fed seem to have not undergone fundamental changes. In fact, the Fed's decisions are largely influenced by a few major private banks, which play a key role in significant decisions such as interest rate adjustments.

The status of the US dollar as the world's dominant currency brings significant economic advantages to the United States. Some observers believe that the elite class controlling the financial system not only influences domestic policies but also attempts to expand its influence by manipulating global financial markets.

The concentration of this financial power has raised a series of questions: how does it affect the balance of the global economy? Will it exacerbate financial risks? How should countries respond to the challenges posed by dollar hegemony? These questions are worth our deep thought.

In the current complex international financial environment, the cryptocurrency market, including Bitcoin and Ethereum, has also been significantly affected. The price fluctuations of these digital assets reflect, to some extent, the changes in investors' confidence in the traditional financial system.

Overall, understanding the operation mechanism of the Fed and the forces behind it is crucial for grasping the direction of the global economy and formulating corresponding investment strategies. We need to objectively analyze the strengths and weaknesses of this system and consider how to protect our interests in this complex financial world.