According to Jin10, White House National Economic Council (White House economic policy body) Director Kevin Hassett said strong jobs data and stable core inflation suggest the Federal Reserve does not need to raise interest rates.
White House National Economic Council (White House economic policy body) Director Kevin Hassett said strong U.S. labor market data and stable core inflation indicate there is no sign inflation is getting out of control. According to Jin10, he also said jobs tied to artificial intelligence are growing the fastest and argued that the Federal Reserve does not need to raise rates. The remarks point to a view that current economic conditions do not warrant tighter monetary policy, a stance closely watched by investors across risk assets including cryptocurrencies.