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The Latest Breaking News from Kevin Hassett

Trump nominates Federal Reserve critic Kevin Warsh as its next chair

Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank

The Guardian - US

Who is Kevin Warsh? Secret White House meeting with Trump that made him lead Fed Chair race

Kevin Warsh is the top choice to become the next Federal Reserve Chair. President Donald Trump is expected to announce his decision soon. This potential change is creating market buzz and debate about the Fed's future. Warsh's views on monetary policy and economic strategy are key. His nomination could signal…

The Times of India

Trump expected to nominate Kevin Warsh as Fed chair on Friday morning

Despite his former reputation as an inflation hawk, Warsh has shown support for lower rates in recent months, suggesting he is more likely to align with the president than Jerome Powell.

Euronews

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January Fed Meeting: Updates and Commentary

The January Fed meeting marked the first central bank gathering of 2026, with Fed Chair Powell & Co. voting to keep interest rates unchanged.

Kiplinger

Trump may name Jerome Powell’s replacement at Davos: Meet the top 4 candidates for Fed chair

There are two Kevins, a BlackRock executive, and a DOJ investigation looming

Fortune

A Trump credit card? Top advisor suggests new method to pay instead of industrywide cap

‘Our expectation is that it won’t necessarily require legislation because there will be really great new Trump cards,’ said Kevin Hassett, director of the National Economic Council

The Independent UK

Stocks Finish Slightly Lower as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.07%. March E-mini S&P futures (ESH26 ) fell -0.06%, and March E-mini Nasdaq futures...

Barchart

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Dollar Recovers on Fed Chair Speculation

The dollar index (DXY00 ) on Friday rose by +0.04%. The dollar recovered from early losses on Friday and moved higher after President Trump expressed reluctance to nominate Kevin Hassett as Fed Chair. Hassett was seen by markets as the most dovish candidate, so nominating someone like Kevin Warsh, a...

Barchart

‘Nothing to see’: Trump’s economic adviser plays down Fed investigation

Kevin Hassett, a top contender to replace Jerome Powell, suggests he believes Powell told truth about Fed renovation

The Guardian - US

Trump Hints $2,000 Tariff Rebate Cheques Could Land 'Toward Year-End' — Family Relief

Trump hints that £1,600 ($2,000) tariff rebate cheques may arrive by the end of 2026, though Treasury Secretary Scott Bessent warns legal hurdles could delay payouts.

International Business Times UK

Biden's Final Year Outpaces Trump 2025 With 3 Times More Monthly Job Growth as 'Jobless Boom' Grips Economy

Trump's 2025 becomes worst non-recession year since 2003 with just 584,000 jobs added as Biden's final year shows three times stronger monthly growth.

International Business Times UK

TACO strikes again: Italian pasta becomes the latest product to have tariffs slashed by Trump

One pasta maker saw its proposed tariff rate fall from over 100 percent to just 2 percent

The Independent UK

Dollar set for worst year since 2017 with Fed drama center stage

“The biggest factor for the dollar in first quarter will be the Fed,” said Yusuke Miyairi, a foreign-exchange strategist at Nomura.

Fortune

Trump says he is considering a ‘gross incompetence lawsuit’ against Fed chairman over building renovation

President threatened to allow ‘a major lawsuit against Powell to proceed’ earlier this year

The Independent UK

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Reason

Trump's Economic Adviser Says Tariff Refunds Would Be 'Very Complicated' and Unlikely

Oh, so now the Trump administration is worried about the complexity of its tariff polices?

International Business Times UK

Trump's Big Beautiful Bill May See Bigger Refunds By Tax Season

The coming tax season, in line with the Trump administration's landmark tax legislation, will see American taxpayers receiving larger refunds than expected due to the new caps and increased deductions.

Axios

Many Americans don't share Trump's rosy economic vision: poll

Trump gives his economy top marks. Polls show people are still hurting.

International Business Times UK

White House Economic Advisor Kevin Hassett Predicts 2026 as Largest Tax Refund in US History

Trump admin's advisor, Kevin Hassett, said Americans can expect to get huge payouts for tax refunds from the IRS next year

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Fortune

Even if the Supreme Court rules Trump's global tariffs are illegal, refunds are unlikely because that would be 'very complicated,' Hassett says

“Yes, it is a mess, and that’s why I think the Supreme Court wouldn’t do it.”

The Guardian - US

US Coast Guard pursuing another oil tanker off coast of Venezuela

Official indicates vessel is subject to sanctions after Trump’s ‘blockade’ on sanctioned tankers in and out of Venezuela

Fortune

Trump and his new handpicked Fed chair—whoever it will be—are going to clash ‘almost immediately,’ economists predict

Capital Economics expects the Fed to cut rates by just 25 basis points next year as the AI boom keeps economic growth robust.

The Independent UK

White House official whines that non-Fox networks didn’t show Trump’s slides during address: ‘We spent so much time’ on them

CNN’s Brian Stelter had reported that the mainstream TV networks didn’t take up the president’s PowerPoint presentation because they were concerned about the sourcing of the information.

The Conversation

Trump is close to naming the new Federal Reserve chief. His choice could raise the risk of stagflation

US President Donald Trump has signalled in an interview with the Wall Street Journal he is close to announcing his pick for the next chair of the US Federal Reserve.

Fortune

Kevin vs. Kevin: Warsh overtakes Hassett as favorite to be Fed chair nominee on prediction market

Warsh now has a 47% probability, up from 39% on Sunday, according to Kalshi. Hassett has fallen to 41%, down from 51% on Sunday and 81% on Dec. 3.

Fortune

Scott Bessent said Trump could announce a new Fed chair 'before Christmas': Here's what you need to know about the leading candidates

What to know about Fed candidates Kevin Hassett, Kevin Warsh, Chris Waller and Rick Rieder.

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People

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