Latest Updates Around The World
White House adviser Kevin Hassett, one of the candidates in the race to replace Federal Reserve Chairman Jerome Powell, told CNBC in an interview Thursday that the new central bank chairman “must be an independent person who respects the mandates.”Hassett said the Fed needed someone like former Chairman Alan Greenspan, who “got the economy going […]
The dollar gained on Friday after US President Donald Trump praised economic adviser Kevin Hassett at a White House event and said he may want to keep him in his current role, fueling speculation that he is less likely to be named chairman of the Federal Reserve. “I see Kevin sitting in the audience and […]
US President Donald Trump has imposed 50% tariffs on Indian exports to the US. (AI image) India and the US could soon agree on a trade deal, a senior Donald Trump administration official said. However, Kevin Hassett, director of the National Economic Council under the Trump administration, has noted that the situation is “complicated” because […]
TLDR: Kevin Hassett expects US GDP growth to reach 4% next year, amid a surge in capital spending. AI-powered productivity gains could increase long-term growth potential to around 2%. Hassett says the Fed risks appearing biased by delaying further rate cuts. Softer labor market data and budget uncertainty may be temporary, following the recent shutdown. […]
