Recently, comments from Federal Reserve officials have sparked quite a bit of discussion in the market. The Fed indicated that interest rates will remain at a "moderately restrictive" level, with the goal of continuing to push inflation downward. Although the labor market has softened, in their view, this may be the necessary price to pay for controlling prices.

From a policy perspective, the Fed's current approach is very clear: interest rate policy will continue to maintain a "tightening mode" to ensure inflation truly returns to the 2% target. This means that the possibility of rate cuts in the short term is low. Meanwhile, the slowdown in economic growth is itself a natural outcome, and the Fed is also preparing for potential cyclical risks.

Interestingly, many people equate rate cuts with economic stimulus, but the Fed's current priority is very clear—stabilizing prices is the top priority. Hiring and job growth, while important, must come after inflation control. The officials have also reiterated their commitment to the 2% inflation target, and this is not just lip service.

From a different perspective, the Fed is like performing "tuning" on the economy—when growth is too rapid and prices soar, it raises interest rates to "cool down" the economy. The core goal is to keep the economy running smoothly. This process may feel uncomfortable to the market, but in the long run, a stable price environment provides a healthier foundation for all assets, including cryptocurrencies.

Overall, the Fed's policy trajectory is unlikely to fluctuate significantly, and the market needs patience until inflation truly cools down.