Citing BitcoinWorld, White House National Economic Council Director Kevin Hassett stated that the Federal Reserve has ample room for rate cuts, a view that could influence both traditional and cryptocurrency markets. Hassett’s comments suggest the Fed has created sufficient policy space to respond to economic slowdowns without reigniting inflation, potentially leading to cheaper borrowing costs and more liquidity. For crypto investors, this signals a more favorable environment for digital assets, as lower rates may weaken the U.S. dollar and encourage risk-on sentiment. However, the Fed remains independent, and its decisions will depend on economic data. Hassett’s remarks shape market expectations and could influence investor behavior ahead of upcoming Fed meetings.
White House Economic Chief Says Fed Has Room for Rate Cuts
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