Waller Endorses 25-Point Interest Rate Cut, Impacting Financial Markets

Federal Reserve Governor Christopher J. Waller has expressed support for a 25-basis-point interest rate cut at the upcoming FOMC meeting. His endorsement suggests changes in monetary policy could influence cryptocurrency markets. Waller’s dovish stance and historical support for lower rates are likely to drive market reactions, potentially boosting asset prices like Bitcoin (BTC) and Ethereum (ETH). His decision follows recent data on the labor market and inflation trends.