U.S. White House Economic Adviser: Fed Has Room for Rate Cuts

The U.S. White House National Economic Council Director, Kevin Hassett, has stated that the Federal Reserve still has room to cut interest rates. According to Jin10, Hassett's comments come amid ongoing discussions about the U.S. economic outlook and monetary policy adjustments. The potential for rate cuts is being considered as part of efforts to sustain economic growth and address any emerging challenges in the financial markets. Hassett's remarks highlight the flexibility of the Federal Reserve in managing interest rates to support the economy.