Category: Hassett, Kevin A

High Prices Haunt Trump and the GOP on Eve of the Midterms

The New York Times – Business:
A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.
Trump’s Latest Effort to Fire a Fed Official Underscores Political Motives

The New York Times – Business:
President Trump tapped his political appointees to determine whether he could oust Lisa Cook, a Fed governor he had already tried to oust.
Why the Jobs Market Has Wall Street and Washington on Edge

The New York Times – Business:
A rebound in hiring has put more pressure on the Federal Reserve to raise interest rates. New jobs numbers are scheduled for release on Thursday.
Trump Plans to Sign Executive Order Granting Oversight of A.I. Models

The New York Times – Business:
The executive order, which would signal a shift from the hands-off approach the White House previously took, follows debates over how to gain control over A.I. models without disrupting innovation.
Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs

The New York Times – Business:
As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.
U.S. Considers Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.
A Hawkish Kevin Warsh at the Fed Could Haunt Bessent

The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
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.
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.
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.
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.
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.