Fed Vice Chair Jefferson just dropped the classic "we need more time" line.

Translation: They're pausing. Not hiking. Not cutting. Just sitting on their hands.

The Fed isn't ready to commit to anything right now. Expect more data-dependent speak and range-bound chop until they get clarity.

For crypto: neutral to slightly bullish. No immediate rate hikes = liquidity stays stable. But no cuts either = no fresh fuel for risk-on just yet.

Watch the next CPI/jobs data. That's when they'll actually move.