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The Latest Breaking News from Kevin Hassett

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

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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

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

The Guardian - US

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.

International Business Times

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.

Roll Call

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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.

Benzinga

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

Markets drop, Trump walks back, repeat.

We Got This Covered

Death to Big Bird

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

Reason

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.

Benzinga

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.

Roll Call

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

The Guardian - UK

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."

Fortune

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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.

Fortune

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

The Independent UK

Trump ramps up his war on Jerome Powell - and might have found reason to oust the Federal Reserve chair

Donald Trump has found a new angle to attack Federal Reserve Chairman Jerome Powell and potentially replace him

Barchart

Stocks Set to Open Lower as Trump Ratchets Up Tariff Threats, U.S. Inflation Data and Big Bank Earnings Awaited

September S&P 500 E-Mini futures (ESU25) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.30% this morning, pointing to a lower open on Wall Street after U.S. President Donald Trump escalated his trade war.

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news in one place.

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Al Jazeera

EU delays retaliatory tariffs against US amid hopes for trade deal

Ursula von der Leyen says bloc hopes to see negotiated solution to trade tensions.

The Independent UK

Texas Republican admits: Trump’s tariffs will ‘hurt’ district but ‘I support him’

Border-state Republican says he’s ‘focused on that August 1 deadline’ as Mexico’s Sheinbaum warns U.S. that she won’t make unilateral concessions

The Independent UK

Trump’s anger over Bolsonaro case leaves top adviser fumbling to justify ‘punishing’ tariffs on Brazil: ‘So, what is it?’

President fired off letters to world leaders imposing new tariffs from August 1

Fortune

Monetary policy at the world's most important central bank could hinge on an argument over building renovation specs

The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.

Euronews

Trump talks of new August tariff date and looks for more trade deals

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

The Guardian - US

Trump news at a glance: markets react with confusion as Trump appears to move goal posts on tariffs again

The president said the US will notify countries of higher tariff rates by 9 July, but the rates won’t take effect until 1 August. Key US politics stories from Sunday 6 July.

The Independent UK

Trump threatens Japan with new tariffs amid rice war

President’s threat comes as US and Japan hold tense talks over farm imports and trade terms

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