White House Weighs In: Interest Rate Cut on the Horizon? White House National Economic Council (NEC) Chairman Kevin Hassett has suggested that the Federal Reserve has compelling reasons to consider lowering interest rates. This comes as the White House anticipates a potential slowdown in fourth-quarter GDP, projecting a decrease of approximately 1.5%, largely attributed to the recent government shutdown. Hassett's comments signal a potential divergence from the Fed's previously hawkish stance. While the Fed has been focused on controlling inflation, the White House appears more concerned about stimulating economic growth. An interest rate cut could provide a much-needed boost, encouraging borrowing and investment. The interplay between inflation targets, GDP growth, and government policy will likely shape monetary policy in the coming months. ```