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The Latest Breaking News from Kevin Hassett

Trump says he has a name to replace Powell—so Wall Street may need to contend with a ‘shadow Fed chair’ for the next half year

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

Fortune

Dollar Softens as Fed Rate-Cut Chances Rise

The dollar index (DXY00 ) today is down by -0.33% at a 2-week low. The yen's strength is weighing on the dollar today after BOJ Governor Ueda signaled a possible interest rate hike at this month's policy meeting. Also, today's weaker-than-expected Nov US ISM manufacturing index is bearish for the...

Barchart

Kevin Hassett Calls Fed Chair Nomination Talk A 'Rumor' But Says He'd Be 'Happy To Serve,' As Trump Hints At Decision

Kevin Hassett, the National Economic Council (NEC) Director, addressed the speculation about his potential nomination as the next Federal Reserve Chair by President Donald Trump.

Benzinga

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Trump says he's picked who he wants to lead the Fed

After reporters asked if it's Kevin Hassett, a smiling Trump said: "I'm not telling you."

Axios

The S&P 500 could hit 7,000 this week, while Trump hints at a Fed chair pick and Washington eyes this special election

“The S&P 500 would need to rise by just 2.2% to reach 7,000. That could happen this coming week, in our view.”

Fortune

Wall Street Roars Back As Rate-Cut Odds Surge — This Week In Markets

The stock market staged a powerful comeback during the shortened holiday week, as expectations of a Federal Reserve rate cut at the Dec. 10 meeting soared, fueling broad-based gains across sectors.

Benzinga

Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations

The dollar index (DXY00 ) on Friday fell to a 1.5-week low and finished down by -0.08%. The dollar gave up early gains last Friday and moved lower on increased chances that the Fed will cut interest rates at next month’s FOMC meeting. Swaps markets now discount an 83% chance...

Barchart

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Dollar Gains on Month-End Buying

The dollar index (DXY00 ) today is up by +0.06%. Month-end buying of the dollar is supporting modest gains, with today being the last trading day of November. Forex trading was light, as futures and options trading on the Chicago Mercantile Exchange were halted until early this morning due to...

Barchart

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

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

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Roll Call

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.

International Business Times UK

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.

Axios

Trump officials: Lower prices and greater affordability are coming

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

Fortune

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.

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Barchart

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.

Axios

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.

The Independent UK

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

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

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