- Kevin Hassett supports Scott Bessent’s Federal Reserve proposals
- No discussions with Trump on Fed chairmanship
- Minimal market impact observed
Kevin Hassett, Director of the White House National Economic Council, stated he hasn’t discussed Fed Chairman selection with Trump, aligning with Scott Bessent’s views, according to Jinshi reports.
While significant in macro-policy discussions, Hassett’s comments haven’t directly influenced the crypto market, reflecting broader economic sentiment without specific digital asset implications.
Hassett’s Support for Bessent: Federal Reserve Discussions
Kevin Hassett, Director of the White House National Economic Council, recently expressed support for Scott Bessent’s Federal Reserve governance proposals. While supporting Bessent, Hassett confirmed there had been no discussions with President Trump regarding the Fed chairmanship.
The remarks signal a focus on Federal Reserve governance but haven’t influenced cryptocurrency markets or financial policy changes directly. The reaction reflects broad macroeconomic sentiment rather than any immediate market shift.
“I have not personally discussed the Fed chair selection with President Trump.” – Kevin Hassett, Director of the White House National Economic Council.
Minimal Market Impact Despite Macroeconomic Focus
Did you know? The Federal Reserve’s decisions can significantly impact global markets and economies.
Bitcoin, known for its sensitivity to macroeconomic changes, currently holds a price of $89,360.84 with a market cap of $1.78 trillion. Despite recent governance rumors, Bitcoin’s price saw a 3.02% decrease in the last 24 hours. Other statistics from CoinMarketCap reveal a 28.35% drop over 60 days, while the trading volume decreased by 1.55% to $63.53 billion.
Kevin Hassett‘s position and influence in Federal Reserve decision-making, while notable, have not yet resulted in significant changes to the market. Coincu’s research highlights that while shifts in Federal Reserve governance might affect liquidity and risk appetite, the current statements by Hassett have not translated into clear financial or technological outcomes. The current focus, instead, remains on understanding broader market sentiment rather than any immediate legislative adjustments.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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