Interest Rate Cut and Cryptocurrency Statements Came from Senior Federal Reserve Official!

FED member Mary Daly focused on stability and prudent decision-making in the face of uncertainty by providing information on the US economy and monetary policy.

Daly noted that the economy is in good shape with a strong labor market and called for patience regarding progress on inflation. Warning against premature optimism, he stated that despite inflation gradually declining, the process continues to be volatile.

Daly responded to a question about possible interest rate cuts in 2025 by saying, “The world is full of uncertainties.” Daly expressed that monetary policy should remain tight until continuous progress is made in inflation. Emphasizing the importance of monitoring economic indicators before rushing into policy changes, Daly said, “We want to act prudently before making the next adjustment.”

Daly also pointed out that the Fed does not intend to ignore labor market dynamics while addressing inflation concerns. He said, 'We need more data; we do not want to rush for a response that we will regret.'

Daly, acknowledging the uncertainty surrounding the economic plans of the new US government with respect to fiscal policy, said, "We do not know the scope, scale, or timing of the new policies." However, she assured that the current monetary policy framework is in good shape and can be adjusted as needed.

Daly, who also touches on the cryptocurrency sector, accepts the potential of the sector by showing a balanced attitude and advocates cautious supervision. "Cryptocurrencies are a developing sector, and we do not want to suppress innovation due to fear," he said.