Fed’s Daly: No Evidence Needed for Premature Rate Hikes

Daly's framing matters less for what it says about the Fed's next move than for what it reveals about the burden of proof inside the committee: the bar for preemptive tightening is being set by evidence, not by insurance logic. That distinction feeds directly into the rate expectations that have driven dollar liquidity, and by extension risk appetite across crypto and tokenized real-world assets. Whether other policymakers echo her patience, or push back on it, is the open question worth watching.