April 15, 2025.
White House Economic Advisor: The U.S. is Not in Recession
Kevin Hassett, White House economic advisor, asserted that the U.S. is not facing a recession, emphasizing that employment figures and CEO confidence remain very positive. In an interview with Fox Business on April 14, he stated, "100% no" when asked about the possibility of a recession. Hassett pointed out, "The employment numbers are very strong," and CEOs are not concerned about import tax policies. However, many economists, including Jamie Dimon and Ray Dalio, warn about the looming risk of recession.
This news could significantly impact tokens like ARKM, TIA, and PYTH in the cryptocurrency market. With the optimistic message from the White House, ARKM is likely to benefit from increased investor confidence. When consumers and businesses feel more secure about the economy, they tend to invest more in riskier assets, including cryptocurrencies. This uptick could lead to a rise in ARKM’s value. However, if negative forecasts from economists materialize, investors may withdraw their funds, resulting in a decrease in the token's value.
Celestia (TIA), aimed at enhancing blockchain scalability, may also benefit from a stable economic environment. As businesses feel more confident, they are likely to invest more in technology, promoting the development of projects like TIA. If the economy continues to grow, TIA could attract more investment and expand its scale. Conversely, in the event of a recession, spending on technology may be cut, negatively impacting TIA's growth and value.
PYTH, which serves as an oracle providing market data, the token may be strongly affected by fluctuations in the financial market. If the economy is stable and growing, the demand for accurate and reliable data will increase, helping PYTH expand its operations.
