Two Federal Reserve members dissented on July 30, the first dissent since 1993. That earlier dissent preceded a rate cut by 52 days. The speaker expects the Fed to cut rates within one to two months, which would inject liquidity and trigger an altcoin rally.
This right here is why crypto hasn't pumped and why it will be pumping soon. In my personal opinion, that's what I believe. So the Federal Board of Governors, Christopher Waller and Michelle Bowman, voted against the majority this last July 30th when they kept interest rates at 4.25 to 4.5. So basically there's like 12 votes and usually they all vote the same to keep unity and to show that they're all together. But there's 2 that voted against this. And actually the 2 people, they wanted interest rates to drop. They wanted to inject liquidity into the market. If you guys understand interest rate policy, when they say the money is printing, that basically means they're dropping the cost to borrow money by dropping interest rates. So the 2 people were like, yo, I wanna drop interest rates. And the significance of this is that we've never seen this in the past 30 years. This is an extremely rare event where 2 of the Board of Governors on the Federal Reserve decided to vote against the majority to make a point. They're basically trying to make a point. Now, the crazy part about this is that this is an extremely rare event. This only happened one time in history, and that's December 14th, 1993. Other than that, all the way back to 1936, usually all 12 people vote in favor of whatever policy that they're pushing. And these 2 people made a very crazy point. So if we look back to the only other time this happened in 1993, 52 days later we had a policy change. So right now everybody in the world, including Trump, wants the Federal Reserve to drop interest rates so all that printing of money flows into crypto, altcoin season flows into stocks, And pretty much pumps the entire market. But Jerome Powell of the Federal Reserve is like, no, I'm not doing nothing. I'm keeping it the same. And 2 people on the Board of Governors of the Federal Reserve flipped out and they're like, hey bro, you better drop interest rates. And they vote— 2 people voted against, voted against. And again, like I said, this has only happened one time in 90-year banking history. So this is why the market hasn't pumped yet. It's because Jerome Powell does not wanna decrease interest rates. But I do believe after this event, the odds of him decreasing it in the next month or 2 is extremely high. This is like the calm before the storm for all altcoins. It's very clear that Jerome Powell's hand is tied. He has the President of the United States down his neck. He has this tariff policy pushing him to cut interest rates. And now he has people in his own camp telling him to cut interest rates. This is important.
