White House economic advisor Kevin Hassett has indicated that the Federal Reserve has ample room to cut interest rates, sparking market interest. His comments come as inflation shows signs of slowing and economic uncertainties persist, suggesting a potential shift in monetary policy. Hassett's remarks highlight the administration's openness to rate cuts that could bolster economic growth.
The possibility of lower interest rates is particularly significant for risk assets, including cryptocurrencies and stocks, as it could lead to increased investment due to cheaper borrowing and enhanced liquidity. Investors are closely monitoring upcoming Federal Reserve meetings and economic data for further signals on potential rate adjustments.
White House Advisor Hints at Potential Fed Rate Cuts Amid Cooling Inflation
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