Something unusual just went down at the central bank. The latest rate cut—just 25 basis points—triggered an unusual three-vote rebellion among policymakers. That level of internal friction? Pretty rare.

One investment strategist pointed out the obvious: Powell's clock is ticking. As his term winds down, the consensus that once held things together seems to be fraying at the edges. Different board members are clearly seeing different economic realities now.

For crypto markets, this matters more than people think. When the Fed splinters on direction, volatility usually follows. Liquidity conditions shift. Risk appetite gets messy.