📉 Federal Reserve Chair Candidate: There is ample room for a significant rate cut

On December 9, Kudlow Hassett, the leading candidate for the presidency of the Federal Reserve and director of the National Economic Council at the White House, stated that he sees the Federal Reserve having "ample room" to make significant cuts to interest rates.

When asked about the possibility of implementing a "large cut" as President Trump desires, Hassett said: "If the data shows we can do it—as is the case now—I see that there is room for it," and he added clearly when asked about exceeding a 25 basis point cut: "Yes."

In an interview with Politico, Trump considered the speed of the interest rate cut to be a key test for choosing the next Federal Reserve chair.

When Hassett was asked about the impact of his loyalty to Trump versus his independent economic judgment, he responded: "I will adhere to my own judgment, and I think the president trusts my assessment."

💡 What does this mean for the crypto market?

A rate cut typically means more liquidity in the markets, which may lead investors to seek high-yield assets like digital currencies. Therefore, any significant cut could support a rise in the prices of Bitcoin and altcoins in the short to medium term.

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