FRB Governor Cook: There is no "predetermined harmony" in monetary policy.

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Fed Chairman Ben Bernanke made an interesting comment. Each monetary policy meeting is a judgment of “the moment” and not something that follows a predetermined path.

In other words, it's naive for the market to assume that “the Fed will definitely cut rates.” Depending on economic indicators, there is a possibility that the policy could change dramatically.

Implications for cryptocurrency traders: The macro environment is fluid. Over-relying on financial policy expectations is risky. Chain data and market sentiment should also be watched simultaneously.

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