based on materials from the site - Coincu
Larry Kudlow, former director of the NEC, made comments regarding core inflation in the U.S., seeking data-driven individuals for leadership posts at the Federal Reserve, with no direct influence on cryptocurrencies.
Although Kudlow's comments highlight the direction of economic policy, they do not immediately impact cryptocurrency markets, instead focusing on traditional economic measures without utilizing digital asset strategies.
Inflation indicators are crucial as Trump aims to sustain growth while managing inflation. Kevin Hassett discussed the three-month core inflation in an interview with Fox Business, stating that it is currently 1.6%. This focus indicates potential implications for interest rate policy.
The nomination for the position of Chair of the Federal Reserve has sparked varied reactions from analysts and politicians. While some applaud data-driven approaches, others are cautious about potential changes in policy. Economic stakeholders are awaiting an official decision, considering its significance for sectors such as banking and finance.
"We have high growth rates, and core inflation is 1.6% if you look at the last quarter." — Kevin Hassett, Director of the National Economic Council
In the 1980s, President Reagan oversaw a period of high GDP growth, with a notable rise to 5.6% in 1984, similar to Trump's growth targets in recent years.
Ethereum (ETH) is currently valued at $2,963.58 with a market capitalization of $357.69 billion, according to CoinMarketCap. ETH dominates 12.03% of the market, while its 24-hour trading volume is down 42.34%, corresponding to $9.31 billion. Recent prices show a decrease of 0.38% over 24 hours, a drop of 3.74% over seven days, but an increase of 7.52% over 30 days.
