Kevin Hassett emphasizes Federal Reserve's independence from Trump amidst Fed chair considerations.Kevin Hassett emphasizes Federal Reserve's independence from Trump amidst Fed chair considerations.

Kevin Hassett Asserts Fed’s Autonomy from Trump

2025/12/15 05:20
What to Know:
  • Kevin Hassett discusses Fed’s independence amid chair speculations.
  • Hassett reaffirms the Fed’s autonomous rate decisions.
  • Potential market reactions include rallies in risk assets.

Kevin Hassett, a leading contender for Federal Reserve Chair, confirmed on CBS News that the Fed can maintain independence from Trump’s influence on rate decisions.

Hassett’s affirmation underscores the Fed’s autonomy, impacting market expectations with equities rallying and potential short-term boosts for cryptocurrencies amid lowered rate anticipations.

Kevin Hassett, Director of the National Economic Council, confirms Federal Reserve’s autonomy in rate decisions despite potential influence from Trump.

The statement underscores the Fed’s independence as markets anticipate potential shifts in leadership, with possible impacts on rate strategies.

Hassett Stresses Fed Independence Amid Chair Speculations

Kevin Hassett, a contender for Federal Reserve chair, asserted the central bank’s vital independence despite presidential pressure. Hassett’s statement reinforces Fed’s role in maintaining unbiased monetary policy.

Hassett’s comments come after Trump hinted at considering him for Fed Chair. Leadership intentions remain uncertain with upcoming decisions crucial for monetary strategies.

Market Reactions to Fed Independence Assurance

While immediate effects are not evident, markets reacted to the potential for more dovish policies, boosting equities. Cryptocurrencies may see short-lived gains as risk appetite changes.

The reassertion of the Fed’s autonomy suggests minimized political interference. Financial markets, governments, and businesses watch closely for any shifts affecting economic policies.

Historical Assertions of Fed Autonomy Analyzed

Comparatively, past administrations have seen similar assertions of Fed independence. Such moves are designed to maintain credence in the Fed’s decision-making processes.

Analysts predict varying outcomes based on historical trends that showcase market volatility amid Fed leadership disclosures. The primary focus remains on policy impacts on inflation and growth.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
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Ripple CEO Confirms Privacy as Next Stage for XRP’s Institutional Expansion

Ripple CEO Confirms Privacy as Next Stage for XRP’s Institutional Expansion

Ripple advances XRP privacy to attract major institutional blockchain adoption. Confidential transactions and smart contracts set to reshape XRP Ledger. New privacy features aim to balance compliance with institutional confidentiality. The XRP community witnessed a significant revelation after Ripple CEO Brad Garlinghouse confirmed that privacy will drive the next phase of XRP’s institutional adoption. According to Vet, the discussion between him and Garlinghouse centered on strengthening privacy within the XRP ecosystem. This development aligns with the broader goal of creating a compliant yet confidential environment for institutional transactions. Ripple has progressively built the XRP Ledger into a robust infrastructure for real-world use cases. It has introduced decentralized identifiers, on-chain credentials, and permissioned domains to ensure compliance and security. Moreover, the network now features multipurpose tokens that simplify tokenization while its native decentralized exchange merges AMM liquidity with a traditional order book. Despite these advancements, one crucial element remains—privacy. Also Read: Swift Exec Mocks XRP as “Fax Machine,” Sparks Furious Clash with Crypto Fans Developers and Ripple Leadership Target Privacy Layer for Institutional Use Developers and Ripple executives agree that privacy will complete the ecosystem’s institutional framework. The upcoming privacy layer includes functions under proposal XLS-66, allowing institutions to lend and borrow assets using tokenized collateral. This system leverages zero-knowledge proofs to conceal sensitive balance and transaction data while maintaining compliance visibility for regulators. Hence, institutions can protect competitive data without compromising transparency. Ripple’s Senior Director of Engineering, Ayo Akinyele, emphasized the scale of this transformation. He stated that trillions in institutional assets will likely transition on-chain over the next decade. To achieve this, his team is developing confidential multipurpose tokens scheduled for launch in the first quarter of 2026. These tokens will enable private collateral management and secure asset handling across financial platforms. Smart Contracts and Privacy Bridge to Institutional Era Smart escrows proposed under XLS-100 and upcoming smart contracts in XLS-101 are expected to support these privacy-driven functions. Together, they will form the foundation for private institutional transactions within the XRP Ledger. This strategic focus marks a defining step toward positioning XRP as a trusted infrastructure for large-scale financial institutions. As privacy becomes the bridge connecting compliance with confidentiality, Ripple’s roadmap signals its readiness to lead blockchain adoption in traditional finance. Also Read: Shiba Inu Approaches Critical Price Zone as Bulls and Bears Battle for Control The post Ripple CEO Confirms Privacy as Next Stage for XRP’s Institutional Expansion appeared first on 36Crypto.
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