White House economic advisor Kevin Hassett says it's hard to push...

White House economic advisor Kevin Hassett says it's hard to push a rate hike based on current data.

Kevin Hassett, director of the White House National Economic Council, commented that current economic data makes it difficult to justify raising interest rates. This suggests the Fed is likely to keep rates steady, which could support risk assets like crypto since lower rates make speculative investments more attractive.

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Kevin Hassett, director of the White House National Economic Council, said that based on current economic data, it is difficult to push for an interest rate hike. His remark comes as markets continue to debate the Federal Reserve's next policy move. Hassett's role is that of a White House economic adviser, not a Federal Reserve official, so his comments do not represent a direct signal from the FOMC. Still, the statement may reinforce expectations that the central bank will hold rates steady for now. For cryptocurrency markets, a softer rate outlook tends to support risk assets, as lower rates can boost liquidity and encourage speculative appetite. Intraday traders may react to such headline-driven sentiment, but actual Fed policy remains dependent on upcoming economic data and official communications. Volatility could stay elevated in the short term as market participants weigh political commentary against the central bank's data-driven approach.