The power dynamics of the Federal Reserve are reshaping. Trump’s potential Fed chair candidate—White House Chief Economist Haskett—recently sent a strong message in a public setting: even if he takes office, Trump’s opinions will be hollow during committee votes. The underlying implication is clear—the President can express opinions, but the decision-making authority of the Fed remains in its own hands.

What does this mean for the crypto market? The previous market expectation of an "aggressive rate cut by the Fed" may need to cool down.

**Short-term expectations need adjustment**

The market’s previous pricing in of a Fed pivot was somewhat overly optimistic. If Haskett truly withstands pressure to maintain the Fed’s independence, the pace and magnitude of rate cuts will not be as aggressive as political rhetoric suggests. This puts pressure on altcoins that rely on rate cut expectations for price increases. In the short term, these high-risk assets may face adjustments.

**Data-driven decision making**

Haskett repeatedly emphasizes that only "data-based policies" are worth serious consideration. This signals that future Fed decisions will closely follow economic fundamentals. Hard indicators like CPI, unemployment rate, and wage growth will become market focal points, while hollow political commitments will diminish in weight. This shift will transition the market from a "expectation game" mode back to a "data-driven" mode.

**Reassessing position structures**

As expectation-based trading recedes, market divergence is inevitable. Coins built on narratives rather than fundamentals will see increased risks. Conversely, assets like Bitcoin, with broad consensus and scarcity, will be more resilient due to stable fundamentals. Now is a good time to review your holdings—ask yourself what foundation each asset is built upon.

**The true variables are yet to appear**

What we see now is just Haskett’s attitude statement. Will he really be able to withstand Trump’s pressure once he becomes Fed Chair? That remains a huge suspense. From the announcement of the nomination to official appointment, the market will go through multiple information windows. Every new development could reprice expectations.

This Fed power game is far from over. The crypto market needs patience and rational responses, not chasing every wave of political noise.