The Latest Breaking News from Kevin Hassett

Economist Kevin Hassett currently serves as the Director of the National Economic Council, but could soon find himself named the next Federal Reserve Chairman, based on prediction market odds and comments from President Donald Trump.

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.06%. December E-mini S&P futures (ESZ25 ) are up +0.16%, and December...

Mohamed El-Erian calls for a visionary, less reactive Fed just as Trump settles on his next chair, with Hassett leading and independence fears resurfacing.

The dollar index (DXY00 ) on Monday fell to a 2-week low and finished down by -0.05%. The yen’s strength is weighing on the dollar on Monday after BOJ Governor Ueda signaled a possible interest rate hike at this month’s policy meeting. Also, Monday’s weaker-than-expected Nov US ISM manufacturing index...

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

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.

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...

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.

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