A top White House economic adviser just dropped a bombshell take on monetary policy. If he were sitting in the Fed chair's seat today, he'd be slashing rates immediately—no hesitation.

This kind of hawkish-to-dovish flip from administration insiders usually signals growing concern about economic momentum. When policy voices start floating "what I'd do differently" scenarios, markets tend to perk up. Lower rates mean cheaper capital, and cheaper capital historically pumps liquidity into risk assets.

The timing's interesting too. We're in this weird zone where inflation data keeps everyone guessing, employment numbers swing wildly, and the Fed's playing its cards close. Meanwhile, someone with serious economic credentials is basically saying "cut now, ask questions later."

Whether the actual Fed follows suit? That's the trillion-dollar question. But statements like this shape expectations, and in finance, expectations move mountains.