Mary Daly Signals Support for December Rate Cut as FOMC Debate Heats Up

COINOTAG News, citing The Wall Street Journal, reports that Mary Daly, president of the Federal Reserve Bank of San Francisco and a forthcoming FOMC voter, signaled openness to a rate cut next month. She argues the risk of a deteriorating labour market is greater and harder to tame than a spike in inflation, a stance that could influence the December policy debate (Forex Factory).

For crypto markets, looser policy tends to lift risk assets, with Bitcoin and Ethereum often rallying on rate-cut expectations and softer USD liquidity. Daly’s cautious growth view could cap upside, keeping macro-driven volatility in crypto intact as investors rebalance hedges.

Traders should monitor the December 9–10 FOMC meeting. A clear read on the trajectory of monetary policy will reprice risk premia for Bitcoin, Ethereum, and related digital-asset strategies, underscoring disciplined risk management for crypto portfolios.