White House economic advisor states: Powell may support rate cuts, and is willing to succeed as Federal Reserve Chair

[Crypto World] On December 8, White House economic advisor Hassett made a statement—he thinks Powell might also be inclined to cut interest rates.

Even more sensationally, when asked whether he would take over as Fed Chair, Hassett responded directly: If Trump really wants me to take the job, I’d be more than happy to serve.

There’s a lot of information in these remarks. On one hand, there’s speculation about current Chair Powell’s policy stance; on the other, a hint at future personnel changes. Will the expectations for rate cuts be fulfilled? The tug-of-war between the White House and the Federal Reserve continues.