White House's Hassett criticizes Fed officials over rate hike calls
- —Hassett criticized Fed officials not appointed by the Trump administration
- —The Fed raised rates by 25 bps to 3.75%–4.00%, the first hike since 2023
- —The Fed's median projection implies a 4.1% rate by end-2026
- —Markets price a 63.5% chance of an October hike
Why it matters: A softer White House stance lowers the odds of further tightening, supporting risk assets including bitcoin.
Source: Crypto Briefing