#FedLeadershipImpact Right now, macro expectations aren't just in the background; they are effectively the "main character" of the crypto market.
As of early February 2026, the influence of Fed leadership and macro policy is at a fever pitch. If you feel like the charts are moving more on "Fed-speak" than on-chain data, you’re not imagining it. Here is the breakdown of how these expectations are currently steering the ship:
1. The "Powell Transition" Risk
The biggest macro cloud right now is the looming expiration of Jerome Powell’s term on May 15, 2026.
The Uncertainty: Markets hate a vacuum