As Jerome Powell prepares to step down from his role at the Fed, some analysts are arguing his lasting influence might be significantly underestimated by current market consensus.

While mainstream narratives often focus on immediate policy shifts, the institutional frameworks and precedents established during his tenure could continue shaping monetary policy decisions for years. This matters particularly for risk assets—crypto included—since Fed positioning remains a primary macro driver.

The real question: will his successor maintain the same pragmatic approach during economic turbulence, or will we see a philosophical pivot? Markets might be pricing in more continuity than actually exists.