[Hassett Reiterates Rate Cut Expectations and Supports New Residency Rules for Regional Fed Presidents] White House National Economic Council Director Hassett stated on Friday that Federal Reserve policymakers might cut interest rates at next week's meeting, calling it a good time for the Fed to cautiously lower rates. He predicted that with the economy recovering from the impact of the federal government shutdown and new factories coming online, an economic boom could arrive in early 2026. In addition, Hassett expressed support for Treasury Secretary Besent's new initiative requiring regional Federal Reserve presidents to reside in their districts for three years, stating that this move aligns with the original intent of establishing a federal system. Besent previously said he would push for the new rule to address criticisms that the Federal Reserve has overstepped its monetary policy mandate.