The chairman of the Federal Reserve, Jerome Powell, will head to Capitol Hill this week, with political factors becoming the focal point. He will face increasing pressure for interest rate cuts from both inside and outside the Federal Reserve. This hearing may rewrite the Federal Reserve's tradition of "staying away from politics" for nearly a decade, and the market has sensed the smoke of a shift in monetary policy.

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On Tuesday at 22:00, Powell will submit the semi-annual monetary policy report to the House Financial Services Committee, and on Wednesday he will move on to the Senate Banking Committee.
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Although such congressional inquiries usually focus on economic conditions and policy directions, the background this time is entirely different: not only is Trump and his administration continuing to exert pressure, but there are also key rifts within The Federal Reserve (FED). Recently, FED governors Bowman and Waller have both expressed support for an interest rate cut as early as July; both were appointed during Trump's first term and have been mentioned as potential candidates to succeed Powell next year.
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If Powell gives a clear expectation of interest rate cuts, the coin price next week will be 120,000!