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The Latest Breaking News from Kevin Hassett

Inflation, Fed Leadership and Other Key Things to Watch this Week

Markets face a pivotal week as the S&P 500 navigates mounting political pressure on Federal Reserve Chair Jerome Powell amid growing calls for more aggressive rate cuts following recent labor market weakening.

Barchart

Trump-Backed Push For Rate Cuts Intensifies As Scott Bessent Leads Search For Fed Chair To Succeed Jerome Powell: Report

As President Donald Trump continues to push for lower interest rates, the search for a successor to Federal Reserve Chair Jerome Powell has expanded, with U.S. Treasury Secretary Scott Bessent at the helm.

Benzinga

Here's What Happens to the Economy if Trump Fires Jerome Powell and Installs a Loyalist at the Fed

The Fed should be replaced by free markets, not unbridled presidential power.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Who’s on Trump’s short list for Jerome Powell’s replacement

Trump confirmed Treasury Secretary Scott Bessent declined the role, saying, “I want to work with you,” while market-watchers weigh how each candidate could impact Fed independence and dollar strength.

Fortune

Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

Trump said in an interview with CNBC that he had removed Treasury Secretary Scott Bessent from consideration for Fed chair because Bessent wanted to remain in his current role.

Euronews

Trump Slams 'Rigged' Jobs Data After Firing BLS Chief, Mentions Two Possible Fed Chair Picks

Just days after firing Bureau of Labor Statistics Commissioner Erika McEntarfer, President Donald Trump reignited criticism of the agency, accusing it of publishing "rigged" employment data to favor Joe Biden during the 2024 election.

Benzinga

Trump team looking to Joe Rogan for help amid lingering Epstein-Ghislaine Maxwell fallout, report says

Vice President JD Vance denied strategy dinner he was set to host with Justice and FBI leadership was about handling of ongoing Jeffrey Epstein case

The Independent UK

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Trump signals higher tariffs, defends firing of BLS chief in combative CNBC interview - Roll Call

A defiant President Trump defended his firing of a top government jobs monitor and said he would like to run again in 2028.

Roll Call

America’s Top Labor Board Official Just Gave Trump Everything He Needed to Pressure Fed Chair Powell To Lower Interest Rates — Then He Fired Her

President Donald Trump has dismissed Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), following the release of a weaker-than-expected July jobs report. The move has drawn national attention due to its timing, coming amid both economic uncertainty and ongoing discussions about the Federal Reserve’s interest rate policy.

Barchart

Trump Says To Name New Labor Statistics Chief This Week

President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market.

International Business Times

Trump Says Will Name New Economics Data Official This Week

US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief -- after ordering her dismissal as a new report showed weakness in the US jobs market.

International Business Times

Fired BLS head joins list of people fired by Trump

She joins a growing list of people fired by Trump since January.

Fortune

White House advisers defend Trump’s firing of official behind jobs data

Trump administration officials question data amid condemnation of dismissal of Bureau of Labor Statistics head.

Al Jazeera

Trump officials scramble to justify firing of economic statistician – as critics say ‘scary’ move is a sign of ‘authoritiarianism’

Trump’s allies defend firing of ‘propaganda’ author, but won’t echo president’s claims numbers were cooked by Biden appointee

The Independent UK

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The Guardian - US

White House officials rush to defend Trump after shaky economic week

US trade representative says ‘the president is the president’ after firing of labor statistics chief amid slow job growth

International Business Times

US Trade Advisor Says Trump Tariff Rates Unlikely To Change

New US tariff rates are "pretty much set" with little immediate room for negotiation, Donald Trump's trade advisor said in remarks aired Sunday, also defending the president's politically driven levies against Brazil.

Roll Call

Trump uses lavish ballroom, pro wrestling legend to move past Epstein saga - Roll Call

President Trump needed an assist this week moving beyond the Epstein scandal. WWE legend Triple H came in to make the save.

Benzinga

Why Did USA Allow Nvidia Shipping H20 AI Chips To China

Nvidia (NASDAQ:NVDA) has filed applications with the U.S. government to resume shipments of its H20 AI chips to China and expects to receive the necessary licenses soon.

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news in one place.

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We Got This Covered

‘The independence of the Fed is absolutely critical’: Jamie Dimon warns Trump against firing Jerome Powell

Markets drop, Trump walks back, repeat.

Reason

Death to Big Bird

Plus: Jerome Powell on Trump's kill list, conservatives embrace speech restrictions, homeschooling heat, and more...

Benzinga

Trump-Powell Feud Heats Up: Odds Of Fed Chair Ouster Spike

A political firestorm erupted on Wall Street Wednesday as speculations surged that President Donald Trump could fire Federal Reserve Chair Jerome Powell before his term ends, reigniting fears over central bank independence.

Roll Call

Trump’s Epstein tirade, Fed chair threats drown out Vance’s ‘big’ bill sales pitch - Roll Call

Vice President Vance went to Pennsylvania to sell Republicans' tax law, but President Trump stole the show with more Oval Office theatrics.

The Guardian - UK

JP Morgan chief defends independence of Fed chair amid Trump attacks

Jamie Dimon cautions against interference as treasury secretary says process to replace Jerome Powell has begun

Fortune

Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'

JPMorgan CEO Jamie Dimon responded hours later that he believes Fed independence is "absolutely critical."

Benzinga

Trump Gets FAQ'd By Powell—No Champagne Rooms, Just Clearing Cancer Dust

The Federal Reserve is under fire from the Trump administration over a controversial renovation project at its Washington headquarters, which has soared past its original $2.5 billion estimate.

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