White House Adviser Hassett says ending Iran war may create room for Fed rate cut
The post White House Adviser Hassett says ending Iran war may create room for Fed rate cut appeared on BitcoinEthereumNews.com. US President Donald Trump’s chief economic adviser at the White House, Kevin Hassett, said on Monday that he is confident that an eventual drop in oil prices will create space for the US Federal Reserve (Fed) to cut the interest rates. Hassett stated that the White House expects energy prices to drop once there’s a deal with Iran, adding that negotiations with Tehran “are proceeding in an orderly and constructive manner.” “Again, we expect energy prices, as soon as there’s a deal, to plummet,” said Hasset “And when that happens, then there will be a lot of room for the Fed to do the right thing at lower rates,” he added. Market reaction At the time of writing, the US Dollar Index (DXY) is trading 0.30% lower on the day at 99.05. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a signi