#数字货币市场回调# The latest news shows that The Federal Reserve Board of Governors member Milan recently expressed concerns about the current monetary policy, believing that the current interest rate policy is too restrictive, with a restriction range of 150-200 basis points. Based on this judgment, Milan suggested that the Fed should consider gradually dropping the level of interest rate tightening at a pace of 50 basis points each time.

If this view is translated into actual policy, it could have wide-ranging effects. In the digital asset space, the gradual easing of interest rate restrictions means borrowing costs will drop, potentially prompting more investment funds to shift towards high-risk investment categories, creating a favorable environment for the cryptocurrency market. Major crypto assets such as Bitcoin and Ethereum may benefit from such policy adjustments.

From the perspective of traditional financial markets, the trend of interest rate drop will weaken the investment attractiveness of fixed income products (such as bonds), and investors may increase their allocation to equity assets, driving up the stock market. At the same time, the path of interest rate drop may also lead to a weakening of the dollar exchange rate, with other currencies appreciating relative to the dollar.

For the real economy, a relaxed interest rate environment helps to drop corporate financing pressure, incentivize production expansion and capital investment, thereby promoting overall economic vitality; at the same time, it may also stimulate residents' consumption willingness and housing demand, injecting new momentum into the real estate market.

It is worth noting that although Milan's suggestions have certain reference value, the Federal Reserve's final policy decisions still need to weigh multiple economic indicators such as inflation trends and employment conditions. Milan's personal views do not necessarily represent the overall policy orientation of the Federal Reserve.