Summary
- Kevin Hassett, White House economic adviser, said the Fed may discuss a larger cut to the policy rate at upcoming meetings.
- Hassett said it appears there will be discussions to expand the scale of rate cuts.
- Coupled with weak August employment data, the remarks are said to have boosted the market's expectations of a 'big cut (50bp cut)'.
Kevin Hassett, White House economic adviser, said the United States central bank, the Federal Reserve (Fed), may discuss a larger cut to the policy rate at upcoming meetings.
On the 5th, according to crypto-focused media BlockBeats, Hassett said, "We will have to consider what actions the Fed will take going forward," adding, "It appears discussions will take place to expand the scope of rate cuts."
These remarks are interpreted as a factor that increases market expectations of a 'big cut (50bp cut)' amid weak August employment data.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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