At 11:30 AM on Monday, April 7, 2025, the Federal Reserve held a closed-door meeting under § 12 CFR 261b.7 to review possible changes to the discount and advance rates. Although no official outcome has been announced, speculation is mounting that the Fed may pivot toward a rate cut to address recession risks and market instability triggered by Trump’s tariff threats. Crypto markets saw a mild bounce on hopes of monetary easing, despite BlackRock CEO Larry Fink’s stark warning that interest rates could remain elevated—or even rise—throughout the year.