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BitcoinSistemi 2025-02-18 19:13:10

FED Senior Official Makes Interest Rate Cut and Cryptocurrency Remarks

FED Senior Official Makes Interest Rate Cut and Cryptocurrency Remarks

FED member Mary Daly provided information about the state of the US economy and monetary policy, emphasizing stability and cautious decision-making in the face of uncertainty. Daly said the economy was in good shape with a robust labor market and called for patience on the progress of inflation. He warned against premature optimism, noting that inflation remained volatile despite a gradual decline. When asked about possible interest rate cuts in 2025, Daly said, “The world is full of uncertainty.” Daly said monetary policy should remain tight until there is sustained progress in inflation. Stating the importance of monitoring economic indicators before rushing into policy changes, Daly said, “We want to be cautious before making the next adjustment.” Related News: Experienced Analyst il Capo Shares the Movements He Expects in the Market in the Next Few Days: “For the Legendary Altcoin Season...” Daly also noted that the Fed does not intend to ignore labor market dynamics in addressing inflation concerns. “We need more data; we don’t want to rush to an answer that we’ll regret,” he said. On fiscal policy, Daly acknowledged the uncertainty surrounding the new U.S. government’s economic plans, saying, “We don’t know the scope, scale or timing of new policies.” However, he reassured that the current monetary policy framework is in good shape and can be adjusted as needed. Daly also touched on the cryptocurrency sector, taking a balanced stance, acknowledging the sector’s potential while advocating cautious oversight. “Cryptocurrencies are a growing sector, and we don’t want to stifle innovation out of fear,” he said. *This is not investment advice. Continue Reading: FED Senior Official Makes Interest Rate Cut and Cryptocurrency Remarks

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