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The Latest Breaking News from Kevin Hassett

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

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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

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.

Benzinga

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.

Fortune

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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

The Independent UK

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.

Barchart

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.

Al Jazeera

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

The Independent UK

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.

Fortune

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.

Euronews

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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

Benzinga

Trump's Fed Chairman Shortlist Is In: What Investors Need To Know

President Donald Trump's shortlist for the next Federal Reserve chair is heating up, fueling bets on deep rate cuts, pressuring the dollar and reigniting concerns over the Fed's long-guarded independence.

Kiplinger

Who Will Replace Jerome Powell as Fed Chair?

With Jerome Powell's term set to expire in May 2026, President Donald Trump is actively preparing to name a new Fed Chair.

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news in one place.

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International Business Times

Asian Markets Reverse As Appeals Court Gives Trump Tariffs Reprieve

Asian shares fell Friday after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional.

We Got This Covered

‘Just a hiccup’: White House shrugs off court ruling blocking Trump tariffs, blames ‘activist judges’

Activist judges can't stop tariffs.

The Independent UK

What happens next as Court of International Trade strikes down Trump tariffs?

Panel of three judges, made up of one Trump appointee, said the president lacked authority to impose sweeping ‘reciprocal’ tariffs

Euronews

Trump hails 'great progress' as US-China trade talks in Geneva continue

The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.

The Guardian - UK

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

Fortune

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”

Latin Times

China Pushes South Korea to Stop Supplying US With Critical Rare Earth Products

China urges South Korea to stop exporting rare earth products to U.S. defense firms, raising global trade tensions.

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