PANews reported on November 13th that, according to Jinshi News, White House National Economic Council Director Hassett stated that he has told Trump that he would accept the nomination to succeed Powell as Federal Reserve Chairman. Hassett added that he hopes to implement a larger interest rate cut at the December policy meeting. Hassett is one of Trump's nominated candidates. He expressed surprise that Powell did not take more aggressive rate cuts given the prolonged government shutdown and better-than-expected inflation data. Hassett said, "I think the president feels that interest rates can be lower, and I agree with that." He noted that he believes there is reason for a 50-basis-point rate cut, but expects the Fed to cut rates by only 25 basis points. Hassett believes that every week the government shutdown lasts reduces US GDP by approximately $15 billion, and pointed to the lower-than-expected inflation data in September.PANews reported on November 13th that, according to Jinshi News, White House National Economic Council Director Hassett stated that he has told Trump that he would accept the nomination to succeed Powell as Federal Reserve Chairman. Hassett added that he hopes to implement a larger interest rate cut at the December policy meeting. Hassett is one of Trump's nominated candidates. He expressed surprise that Powell did not take more aggressive rate cuts given the prolonged government shutdown and better-than-expected inflation data. Hassett said, "I think the president feels that interest rates can be lower, and I agree with that." He noted that he believes there is reason for a 50-basis-point rate cut, but expects the Fed to cut rates by only 25 basis points. Hassett believes that every week the government shutdown lasts reduces US GDP by approximately $15 billion, and pointed to the lower-than-expected inflation data in September.
Hassett: If given the opportunity, he would be willing to serve as Federal Reserve Chairman and advocates for larger interest rate cuts.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on November 13th that, according to Jinshi News, White House National Economic Council Director Hassett stated that he has told Trump that he would accept the nomination to succeed Powell as Federal Reserve Chairman. Hassett added that he hopes to implement a larger interest rate cut at the December policy meeting. Hassett is one of Trump's nominated candidates. He expressed surprise that Powell did not take more aggressive rate cuts given the prolonged government shutdown and better-than-expected inflation data. Hassett said, "I think the president feels that interest rates can be lower, and I agree with that." He noted that he believes there is reason for a 50-basis-point rate cut, but expects the Fed to cut rates by only 25 basis points. Hassett believes that every week the government shutdown lasts reduces US GDP by approximately $15 billion, and pointed to the lower-than-expected inflation data in September.
Market Opportunity
Whiterock Price(WHITE)
$0.00008114
$0.00008114$0.00008114
USD
Whiterock (WHITE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Disney Pockets $2.2 Billion For Filming Outside America
The post Disney Pockets $2.2 Billion For Filming Outside America appeared on BitcoinEthereumNews.com. Disney has made $2.2 billion from filming productions like ‘Avengers: Endgame’ in the U.K. ©Marvel Studios 2018 Disney has been handed $2.2 billion by the government of the United Kingdom over the past 15 years in return for filming movies and streaming shows in the country according to analysis of more than 400 company filings Disney is believed to be the biggest single beneficiary of the Audio-Visual Expenditure Credit (AVEC) in the U.K. which gives studios a cash reimbursement of up to 25.5% of the money they spend there. The generous fiscal incentives have attracted all of the major Hollywood studios to the U.K. and the country has reeled in the returns from it. Data from the British Film Institute (BFI) shows that foreign studios contributed around 87% of the $2.2 billion (£1.6 billion) spent on making films in the U.K. last year. It is a 7.6% increase on the sum spent in 2019 and is in stark contrast to the picture in the United States. According to permit issuing office FilmLA, the number of on-location shooting days in Los Angeles fell 35.7% from 2019 to 2024 making it the second-least productive year since 1995 aside from 2020 when it was the height of the pandemic. The outlook hasn’t improved since then with FilmLA’s latest data showing that between April and June this year there was a 6.2% drop in shooting days on the same period a year ago. It followed a 22.4% decline in the first quarter with FilmLA noting that “each drop reflected the impact of global production cutbacks and California’s ongoing loss of work to rival territories.” The one-two punch of the pandemic followed by the 2023 SAG-AFTRA strikes put Hollywood on the ropes just as the U.K. began drafting a plan to improve its fiscal incentives…
Share
BitcoinEthereumNews2025/09/18 07:20
XRP vs Chainlink 2026: Ghost Chain Accusation, Ripple CTO Response, and the Full Debate Explained
The post XRP vs Chainlink 2026: Ghost Chain Accusation, Ripple CTO Response, and the Full Debate Explained appeared first on Coinpedia Fintech News The latest XRP
Share
CoinPedia2026/03/18 12:47
US Life Insurance Industry Statistics 2026: Growth Facts
In the ever-evolving landscape of the US life insurance industry, millions of Americans rely on these policies to secure their families’ financial future. With
Share
Coinlaw2026/03/18 12:36
