Waller Urges Rate Cut to Boost Crypto Amid Labor Concerns

Federal Reserve Governor Christopher Waller has called for a 25 basis point rate cut at the upcoming December FOMC meeting, arguing that a weakened U.S. labor market necessitates this move. This potential rate reduction could provide liquidity in crypto markets, benefiting Bitcoin (BTC) and Ethereum (ETH). The Fed Governor’s stance is based on his assessment of declining job postings and weak payroll data, indicating a potential increase in risk-taking among investors.