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The Latest Breaking News from Kevin Hassett

Dollar Slips on Stock Strength and Fed Rate Cut Expectations

The dollar index (DXY00 ) on Wednesday gave up an early advance and finished down by -0.08%. The dollar fell slightly on Wednesday after the Nov MNI Chicago PMI posted a 17-month low. Also, strength in stocks on Wednesday has curbed liquidity demand for the dollar. The dollar initially moved...

Barchart

Longtime Trump advisor Kevin Hassett emerges as favorite for Fed chair, Bloomberg reports

Treasury Secretary Scott Bessent said there’s a “very good chance” a new Fed chair will be named by Christmas.

Fortune

Dollar Pressured by Fed Rate Cut Expectations

The dollar index (DXY00 ) today gave up an early advance and is little changed. The dollar is slightly lower today after the Nov MNI Chicago PMI posted a 17-month low. Also, strength in stocks today has curbed liquidity demand for the dollar. The dollar initially moved higher today on...

Barchart

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Trump Advisor Kevin Hassett Reportedly Leading Fed Chair Race: See What Polymarket, Kalshi Bettors Are Predicting

White House National Economic Council Director Kevin Hassett has emerged as the leading candidate to become the next Federal Reserve Chair, according to a report published Tuesday.

Benzinga

Trump's not cutting off NYC, White House economic advisor says

Before the election, Trump threatened to block federal funds for NYC if Mamdani won.

Axios

Gold, Bitcoin and Stock Market Today Reeling from Black Thursday Plunge

Gold, bitcoin, and US stocks plunged on fading hopes for a December rate cut.

International Business Times UK

Trump team struggles on affordability as Democrats pounce

President Trump has stepped on his own warning to Republicans to take still-high prices seriously as Democrats see a winning issue for 2026.

Roll Call

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Trump Economic Adviser Insists 'Purchasing Power Has Gone Up' as Families Drown in Bills

Trump economic adviser Kevin Hassett claimed purchasing power has risen, but TikTok users and families struggling with bills strongly disagreed.

International Business Times UK

Trump officials: Lower prices and greater affordability are coming

The Treasury secretary is promising lower prices and faster income growth in the coming months.

Axios

Butchered jobs and inflation data may add fuel to the fire of uncertainty already blazing in the markets

A worldwide selloff accelerates as patchy U.S. data clouds the Fed’s next move, sending Wall Street tumbling and volatility surging into the end of the week.

Fortune

Stocks Set to Open Sharply Higher as End to U.S. Government Shutdown Nears

December S&P 500 E-Mini futures (ESZ25) are up +0.92%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.39% this morning as optimism that lawmakers are nearing a deal to end the longest government shutdown in U.S. history boosted sentiment.

Barchart

Prices have leveled off and will start coming down, Bessent says

The government's own data shows consumer prices rising, not falling.

Axios

What to know about Trump's finalists to replace Powell as Fed chair

Treasury Secretary Scott Bessent said he expects a selection to be made before year's end.

Axios

Trump economic guru Hassett offers blunt advice to federal workers going without paychecks during government shutdown

National Economic Council director Kevin Hassett addressed the crunch on unpaid government workers Friday after news of a spike in inflation

The Independent UK

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Euronews

US and Australia sign critical minerals deal as a way to counter China

Beijing recently said it would tighten rare earth exports, prompting the US to impose further tariffs on Chinese goods. Now, Australia and the US are looking to counter China's dominance of the critical minerals market.

The Independent UK

Trump signs $8.5 billion rare earths deal with Australia as China limits exports

Albanese stated that the deal was taking the relationship between the U.S. and Australia “to the next level”

The Guardian - US

Senate vote fails again as shutdown becomes one of the longest in US history

Eleventh vote fails on 50-43 tally as Congress remains deadlocked on legislation after weekend No Kings protests

Axios

"Clever and generous" farm bailout coming, Hassett says

Soybean farmers have seen their top export market — China — close completely.

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news in one place.

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Benzinga

Trump's Fed Chair Shortlist Narrows To Five Doves: Who Are They?

Following a series of intense interviews, Treasury Secretary Scott Bessent has reportedly cut President Donald Trump's list of Federal Reserve chair candidates to down to five, from an initial pool of eleven.

The Independent UK

Trump adviser repeats threat of mass federal layoffs as shutdown talks stall out

Economic council director says White House will judge Monday whether Democrats are willing to talk

Axios

Trump adviser: Layoffs will start if shutdown negotiations are "going nowhere"

Kevin Hassett put the onus on Democrats, saying it's "common sense to avoid layoffs like that."

Benzinga

Trump Will 'Take Over The Fed,' Larry Kudlow Says

Economist Larry Kudlow predicts President Donald Trump will make big moves at the Federal Reserve when Chairman Jerome Powell steps down.

The Guardian - US

Revisions and rising unemployment: what to know about the US jobs report

August’s report gave signs of a cooling labor market with negative job numbers for the first time since 2020 – here’s what we learned

Top News

President Trump Explores Government Equity Stakes In Private Companies

President Trump's announcement on U.S. acquiring stake in Intel, defense industry deals, and tariff changes with India, reflecting evolving economic policies.

The Independent UK

MAGA ‘Shark Tank’ star rages against Trump’s ‘really, really bad idea’ to take stake in Intel

Kevin O’Leary’s condemnation of the Intel decision comes as the president’s top officials insist that the administration will be making similar moves down the line.

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