At 3 a.m., my phone exploded with notifications. Federal Reserve Board member Waller dropped two heavyweight viewpoints, waking global traders from their sleep. The market instantly surged— the dollar plummeted, gold and Bitcoin soared straight up, and the entire crypto ecosystem plunged into intense volatility.

But amidst this frenzy, I noticed an interesting phenomenon: my crypto asset portfolio's stablecoin USDD remained eerily stable. While other assets were being whipped around in wild fluctuations, it acted like a lighthouse, allowing people to catch their breath amid the storm. The logic behind this deserves to be unpacked.

**Waller's First Bombshell: Interest Rates Should Have Been Cut Already**

Waller spoke very plainly—US interest rates are already 50 to 100 basis points above the neutral rate. What does this mean? It indicates that the current policy stance is sufficiently tight. As long as inflation data eases even slightly, there will be ample reason to cut rates. The market immediately reacted: the days of rate hikes are coming to an end.

For ordinary investors, this signals— the cycle of rising borrowing costs is nearing its peak. Companies and individuals under high-interest pressure are finally seeing a glimmer of hope. Following this is a turning point in market liquidity. Large amounts of capital will wake up from the previous "lying flat to earn interest spread" state and start seeking new investment opportunities.

**Waller's Second Bombshell: Employment Is Already Weakening**

The second key point is employment. Waller pointed out that US job growth is nearly stagnant, and inflation won't accelerate a second time, so rates should continue to be cut at a "moderate pace." Pay attention to this wording—not "large cuts," nor "frequent cuts," but "moderate."