Federal Reserve officials have shifted the policy debate from when to resume rate cuts to what conditions could require rate hikes, according to The Wall Street Journal. The report said several regional Fed presidents opposed keeping language that implied the next policy move was more likely to be a cut. Jerome Powell said the committee is moving away from a cutting bias toward a neutral stance. This adds to earlier comments from Lorie Logan, who said the next rate adjustment could be either a cut or a hike and stressed the importance of forward guidance. For crypto markets, Federal Reserve communication remains important because changing rate expectations can affect liquidity conditions and risk appetite.