The 12 decision-makers of the Federal Reserve have a huge influence on the global economy. Recently, they announced that there will be no interest rate cuts in September, which stands in stark contrast to the prevailing market expectations of a rate cut.

The decision-making process of the Fed is quite strategic. They often release some signals to gauge market reactions, and then lay the groundwork for the final decision by making hawkish statements. It is worth noting that interest rate decisions are not made by a single individual, but are reached through collective voting.

This precise control ability is thought-provoking. The Fed seems to be able to accurately grasp the pulse of the global economy and make adjustments as needed. Such a significant influence inevitably raises a sense of concern.

However, in the long run, even a powerful institution like the Fed may find it difficult to fully control decentralized digital currencies like Bitcoin. The original design of Bitcoin was to avoid being manipulated by central authorities, which could pose a significant challenge to the traditional financial system.

As time goes by, we may see a more diversified global financial landscape. In this landscape, the traditional central banking system and the emerging decentralized financial systems may coexist, balancing each other and jointly shaping the future economic order.