Kevin Hassett, U.S. National Economic Council Director, stated the U.S. is severely lagging in reducing interest rates during a December 19 appearance on LiveNOW from FOX.
Hassett’s remarks signal potential shifts in monetary policy, which can influence market expectations and risk assets like Bitcoin and Ethereum.
Kevin Hassett, Director of the National Economic Council, emphasizes that the U.S. is “behind” on interest rate cuts. This statement was made during a Fox News interview, highlighting concerns about economic policies. Hassett has been integral in Trump’s administration. “The U.S. is way behind the curve on lowering interest rates,” stated Hassett.
President Donald Trump named Hassett and another candidate as potential Federal Reserve Chair appointees. During his tenure, Hassett has provided economic guidance and previously served in various advisory roles. His statements draw attention to the current financial landscape in the U.S.
Hassett: U.S. Falling Behind on Rate Cuts
Kevin Hassett, Director of the National Economic Council, emphasizes that the U.S. is “behind” on interest rate cuts. This statement was made during a Fox News interview, highlighting concerns about economic policies. Hassett has been integral in Trump’s administration. “The U.S. is way behind the curve on lowering interest rates,” stated Hassett.
President Donald Trump named Hassett and another candidate as potential Federal Reserve Chair appointees. During his tenure, Hassett has provided economic guidance and previously served in various advisory roles. His statements draw attention to the current financial landscape in the U.S.
Crypto Markets on Alert After Hassett’s Statement
The statement from Hassett may spur market responses, particularly within crypto sectors like BTC and ETH. Rate cuts often create fluctuations as investors adjust their strategies. Traders watch these movements closely, impacting short-term valuations.
Financial markets are sensitive to such comments, with prediction platforms showing fluctuating odds for Hassett becoming Fed Chair. Historically, BTC and other cryptos react to policy signals, and Hassett’s comments are no exception given the potential regulatory adjustments.
Advisories on Rate Cuts Stir Crypto Volatility Concerns
Historically, advisories regarding rate cuts under Trump created market agitation. Such speculations resemble past tension during Jerome Powell’s tenure, where similar critiques occurred. Market responses often hinge on the administration’s subsequent actions.
Kanalcoin experts suggest that if Hassett’s insights materialize, it might drive increased volatility in crypto markets. They note that historical patterns indicate potential policy changes could translate to shifting investor confidence in these assets.
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