New York Federal Reserve President John C. Williams has indicated that there is no immediate need for further interest rate cuts following three consecutive 0.25% reductions. His comments suggest a steady approach to monetary policy, which has implications for liquidity and the cryptocurrency markets. Traders are now pricing in an 80% probability that the Federal Reserve will maintain current interest rates in January. Williams emphasized that any future policy adjustments will be data-driven, taking into account factors such as developments under the EU Markets in Crypto-Assets Regulation.