White House adviser Hassett argued that the Fed has been late in cutting interest rates. Stating that the announced GDP data is a year-end positive development for the American public, Hassett said that if growth continues at around 4 percent, monthly job gains could return to the range of 100,000 to 150,000.
Trump, meanwhile, said that in an environment where markets are performing strongly, he expects the newly appointed Fed chair to cut interest rates. He also openly stated that he does not want someone who does not share his approach to become Fed chair.
At the time of writing the bulletin, Bitcoin (BTC) is trading at $86,927, while Ethereum (ETH) is at $2,935.
The Fear and Greed Index stands at 27, indicating a fear level.
Key developments to watch today:
General Market Data: US stock markets will close early due to Christmas.
SoSoValue (SOSO): An unlock of 4.16 million tokens will take place.
