The Fed's supervisory head just dropped a key signal: monetary policy is still working to tighten financial conditions, but the central bank is ready to cut rates if things don't improve on the jobs front. Here's what this means—basically, we're not done with restrictive policy yet, but the door's already swinging open for rate cuts. The trigger? Employment data. If job growth stays weak or unemployment ticks higher, don't be surprised to see the Fed pull the trigger sooner rather than later. For crypto traders watching macro headwinds, this is the kind of statement that sets expectations for a potential shift. When the Fed starts talking about "prepared to lower rates," it usually signals confidence that inflation is cooling enough to justify easing. Keep an eye on employment reports—they might be the next catalyst.