At 3 a.m. this Thursday, the Federal Reserve will announce its interest rate decision.

There’s basically no suspense in the market—the consensus is already firmly set on a 25 basis point cut. What’s interesting, though, is that White House Economic Council Director Hassett recently made a statement saying the Fed should make a “prudent” rate cut. Pay attention to that wording—it’s quite nuanced.

Hassett also specifically clarified that he hasn’t discussed the Fed chair selection with Trump. That’s a pretty straightforward statement, likely aimed at dispelling speculation about personnel changes.

To be honest, there’s not much controversy about the rate cut itself. The key is the signal that follows—is this a one-off move, or the start of a rate-cutting cycle? Powell’s wording at the press conference is what really deserves attention. After all, for the crypto market, liquidity expectations are more important than the rate cut itself.