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The Latest Breaking News from National Economic Council

Dollar Retreats and Gold Rallies to a Record High on Threats to Fed Independence

The dollar index (DXY00 ) Monday fell by -0.98% and posted a new 3-year low. The dollar sold off Monday on a renewed crisis of confidence in the dollar after National Economic Council Director Hassett said President Trump was contemplating the possibility of firing Fed Chair Powell. The firing of...

Barchart

Dollar Tumbles and Gold Soars to a Record High on Concern Over Fed Independence

The dollar index (DXY00 ) today is down -0.94% and fell to a new 3-year low. The dollar is selling off today on a renewed crisis of confidence in the dollar after National Economic Council Director Hassett said President Trump was contemplating the possibility of firing Fed Chair Powell. The...

Barchart

Trump Looking Into Whether He Can Fire Fed Chair Jerome Powell Despite Central Bank Independence

President Donald Trump is studying whether he can fire Fed Chair Jerome Powell, said National Economic Council Director Kevin Hassett

Latin Times

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Markets Spike Over Quote About Trump Considering a Pause On Tariffs, Dip Again After Proven False

Markets suddenly spiked on Monday over a quote attributed to the director of the National Economic Council. They dipped again after it was proven false

Latin Times

Australia warned not to hit back at US with tariffs

The treasurer has pushed for Australia to be exempt from US tariffs on steel and aluminium imports, with a decision due soon from Donald Trump.

AAP

Treasurer to push for tariff exemption in US meeting

As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.

AAP

Government Efficiency Checks Not Expected To Cause Inflation Concerns

National Economic Council Director Kevin Hassett addresses concerns about inflationary impact of DOGE checks and emphasizes government spending as primary ...

Top News

The White House's top crypto critic departed. What does that mean for a stablecoin bill?

Senior aide Bharat Ramamurti established himself as one of the top economic voices in the Biden administration.

Fortune

President Biden To Address U.S. Economy In Chicago

Speech to cover job growth, inflation, skills development, investments, and Biden administration's focus on key sectors

Zenger

Biden picks Fed's Lael Brainard for National Economic Council

He'll also have to nominate her replacement as Fed vice-chair.

Axios

AP source: Biden to name Brainard to head Economic Council

President Joe Biden plans to name Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council

The Independent UK

Karl W. Smith: Biden's economic agenda needs an overhaul

Presidential administrations never stay the same from beginning to end. Top personnel come and go for various reasons, and we seem to be seeing that now with the Joe Biden administration. Bloomberg News recently reported that the White House’s top economic adviser, Brian Deese, is expected to depart next year…

Tribune News Service

Biden's juggling act: Recession optimism could backfire

"I don't think, God willing, we're going to see a recession," Biden said Monday. "I'll be surprised."

Axios

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Inside the White House senior staff meeting on CPI day

The staff meets at 8:20 a.m.

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