White House National Economic Council (NEC) Chairman Kevin Hassett has signaled a potential interest rate cut as early as December, citing supportive economic data. According to Walter Bloomberg, Hassett stated the data strongly suggests the need for a rate reduction. This statement arrives amid ongoing discussions about the Federal Reserve's monetary policy and its impact on economic growth. A rate cut in December could stimulate the economy by lowering borrowing costs for businesses and consumers, encouraging investment and spending. However, the Federal Reserve will ultimately make the final decision based on a comprehensive assessment of economic indicators. Experts will be keenly watching upcoming economic releases to gauge the likelihood of a December rate adjustment. ```