ChainCatcher, Kevin Hassett, Director of the White House National Economic Council, has raised concerns about the pace of monetary policy decisions by the Federal Reserve.
Hassett believes the Fed may be falling behind economic reality when it comes to interest rate cuts. While inflation has shown signs of easing and growth indicators are cooling, borrowing costs remain elevated. In his view, delayed action risks putting unnecessary pressure on businesses, consumers and financial markets.
His comments reflect a growing debate in Washington over whether current rates are still justified. As economic momentum slows, the timing of rate cuts could play a crucial role in shaping market confidence and broader economic stability in the coming year .
