Hassett: The Federal Reserve has ample room for significant rate cuts
Jinse Finance reported that Kevin Hassett, a leading candidate for the next Federal Reserve Chair and Director of the White House National Economic Council, stated on Tuesday that he believes the Federal Reserve has "ample room" for significant rate cuts. When asked whether he would push for the "substantial rate cuts" that Trump desires if appointed, he responded, "If the data shows we can do it—like right now—I think there is absolutely room to do so." When further pressed on whether this meant a rate cut of more than 25 basis points, he answered clearly, "That's right." Trump, in an interview with Politico on Tuesday, said that rapid rate cuts would be a "litmus test" for his choice of Federal Reserve Chair. When asked whether, if appointed Chair, his loyalty would be to Trump or to independent economic judgment, Hassett said, "I would stick to my own judgment, and I believe the President trusts my judgment as well."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Octra to launch $20 million token sale on Sonar at a $200 million valuation
Russell 2000 Index hits a record high, currently up 0.52%
Data: If ETH falls below $3,216, the cumulative long liquidation intensity on major CEXs will reach $1.127 billion.
OpenAI, Anthropic, and Block jointly establish AAIF under the Linux Foundation
