The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
Category: Hassett, Kevin A
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For Hassett, Loyalty to Trump Became a Liability in Fed Race
Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.
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Trump Praises Hassett, but Casts Doubt on Making Him Fed Chair
The blowback set off by the Justice Department’s criminal investigation into Jerome H. Powell, the chair of the central bank, has shaken up the race to replace him.
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Trump Praises Hassett, but Casts Doubt on Making Him Fed Chair
The blowback set off by the Justice Department’s criminal investigation into Jerome H. Powell, the chair of the central bank, has shaken up the race to replace him.
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U.S. Hiring Turned Sluggish One Year Into Trump’s Second Term
As economists pointed to some of the president’s policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.
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Fed Keeps Close Eye on Labor Market as It Assesses Further Cuts
For the central bank to lower interest rates again, officials will likely need to see more notable signs that unemployment is rising.
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Fed’s Independence Faces Critical Tests as Trump Seeks to Remake Institution
The central bank faces two major hurdles early on in 2026 that will determine the extent to which it operates free of political meddling.
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Fed Minutes Detail Deep Divide on Timing of Further Rate Cuts
Officials at the central bank have splintered over whether rising unemployment or elevated inflation poses the bigger economic risk.
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How Kevin Hassett Became a Trump Loyalist and Fed Chair Contender
Mr. Hassett’s evolution from conservative economist to defender of the president’s economic agenda has raised questions about how he would lead the central bank.
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Chasing an Economic Boom, White House Dismisses Risks of A.I.
The administration has downplayed concerns — from mass job losses, to a potential financial bubble — as President Trump cheers soaring stock prices and faster growth.
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Next Fed Chair in ‘No-Win Scenario’ as Selection Process Draws to a Close
The person picked to replace Jerome H. Powell will be thrust into a credibility problem that will be difficult to escape.
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White House Dismisses Rise in Unemployment
The Trump administration looked to recast elements of a dour jobs report Thursday as a sign of strength.