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BREAKING01:34 AM
Fluid Co-founder Admits Vaults Rehypothecate Collateral and Are Not Fully Isolated↗
Alert01:34

Fluid Co-founder Admits Vaults Rehypothecate Collateral and Are Not Fully Isolated

Alert01:06

Lighter Spot Goes Live with ETH: Launch Details & Incentives

Gov01:05

X Terminates EU Commission Ad Account Citing Reach Manipulation

Alert00:54

Jupiter COO Admits 'Zero Contagion Risk' Marketing Was Inaccurate

Alert00:21

Whale Fat-Fingers $2M HYPE Sell Order, Triggering 2.6% Flash Crash

Crypto00:06

Spot XRP and Solana ETFs See Sustained Inflows; SOL Products Hit $638M Cumulative

Macro00:05

US Home Delistings Surge 28% to Highest September Level Since 2017

Crypto23:06

Paxos' Stablecoins (USDG & PYUSD) See Rapid Growth and Lead Major Market Cap Segment

Alert22:06

Justin Sun Alleges $500M Techteryx Fraud Scheme Involving FDT, Legacy Trust, and Vincent Chok

Crypto22:06

Aztec Network Concludes First CCA on Uniswap with $59M Committed; Settlement 59% Above Floor

Alert22:06

Kevin Hassett reportedly poised to be next Fed Chair; predicts rate cut

Macro22:06

US Market Share Volume Hits Record Highs Amid Retail Boom

Crypto22:06

Centrifuge Records $1.3 Billion Inflows with Sky Ecosystem Allocation

Crypto22:06

Rayls Labs Secures $1B Tokenized Credit Commitment for 2026 Mainnet

Crypto22:06

Base Network TVL Nears ATH as Armstrong Teases December 17 Update

Summary22:00

24H Summary: Hyperliquid Integrates Native USDC & French Bank BPCE Enters Crypto

Summary21:15

6 Hour Summary: Jupiter Retracts 'Zero Risk' Claims & Hyperliquid Lists SOL Ticker

Gov21:06

Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto

Crypto21:06

CZ Emphasizes Strict Private Key Isolation for Hardware Wallets

Macro21:06

US Small Business Bankruptcies Surge to Records as Inflation Persists

 
Macro

Treasury Secretary Bessent Advocates for Rate Cuts; May Hold Dual Economic Role

12/03/2025, 15:06
12/03/2025, 23:06
AI SUMMARY
●Bessent cites economic weakness as grounds for rate cuts, aligning with cooling labor market data. Reports suggest Trump may also appoint him as top economic adviser, consolidating policy influence. Bessent previously dismissed concerns regarding tariffs as consumer taxes.
US Treasury Secretary nominee Scott Bessent has stated that certain sectors of the economy are showing signs of weakness, explicitly calling for interest rate cuts. His comments align with recent data suggesting a cooling labor market. Additionally, Bessent previously dismissed concerns regarding trade policy, stating that he does not view tariffs as a tax on consumers. [Update 1] Concurrent reports indicate that President-elect Trump is considering appointing Bessent as his top economic adviser in addition to his role as Treasury Secretary. If confirmed, this dual role would potentially consolidate significant economic policy influence, reinforcing the signal of a shift toward a policy framework focused on monetary easing to support flagging economic sectors.

Sources (4)

01@CL207↗02@KobeissiLetter↗03@ChainCatcher_↗04@WatcherGuru↗
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