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Hawkish: It would be "irresponsible" for the Fed to precommit to its interest rate path for the next six months

2 days ago

On December 9, White House National Economic Council Director Kevin Hassett said it would be “irresponsible” for the Federal Reserve to set an interest rate target in advance for the next six months, stressing the importance of tracking economic data. Speaking in a Monday interview with CNBC, Hassett noted: “The Fed chair’s job is to monitor data, adjust policy, and explain the rationale behind its actions. So if someone says, ‘I’ll do this in the next six months,’ that’s indeed irresponsible.”
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Chair Powell's Remarks: Nothing about "Hawkish Rate Cut"

On December 11th, Informa Global Markets weighed in on Federal Reserve Chair Jerome Powell’s latest speech—specifically the so-called “hawkish rate cut” dynamic. Powell noted tension in the Fed’s dual mandate, while acknowledging little has changed since the central bank’s last meeting. His overall stance remained consistent with prior remarks. The most memorable line from the press conference: “The current economy isn’t like an overheated one that triggers wage-driven inflation.” (Source: ForexLive)

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Bitcoin Surpasses $94,000

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Powell stated that a rate hike is not the current baseline expectation, suggesting that interest rates may remain unchanged in the short term

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