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The Latest Breaking News from Kevin Hassett

Kevin Warsh confirmed as Fed chair in party-line vote amid Elizabeth Warren's 'sock puppet' criticism

Every Republican voted for Warsh on Wednesday, as did Democratic Sen. John Fetterman of Pennsylvania.

Fortune

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

The Economic Times

AI executive action stalled by White House infighting

Early talk of federal safety reviews of new AI models has cooled off.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

'There’s no sign in the data that AI is costing anybody their job right now': White House National Economic Council Director says AI isn’t leading to cuts — despite widespread and well-publicized layoffs across the world

White House National Economic Council Director says AI isn’t causing job cuts - despite widespread evidence to the contrary.

TechRadar

Trump Economic Advisor Claims Record Low Consumer Sentiment Is Caused By Stress Of Seeing Too Much Positive Change Too Quickly

The White House attributes record-low consumer confidence to rapid changes under Trump's administration, despite rising petrol prices and tariffs being cited as primary causes by the University of Michigan survey.

International Business Times UK

Trump Adviser Says Record-Low Consumer Sentiment Is Basically POTUS' Fault for Caring Too Much

US consumer confidence has reached a record low, driven by high petrol prices and tariffs. Economic pressures are affecting household budgets, with many Americans feeling financially strained.

International Business Times

What's behind Washington's AI safety pivot

New signals of possible changes ahead of President Trump's trip to China next week.

Axios

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Trump official boasts that Americans’ credit card spending is ‘through the roof.’ That’s far from a good thing

Surveys over the past five months indicate a growing concern among Americans about their finances

The Independent UK

Trump administration suddenly embraces AI oversight ideas it once rejected

After railing against Biden-era AI safety efforts, the Trump administration is now weighing its own frontier-model oversight as fears grow around cyber risks and national security.

Fortune

Axios Live: Global economy should weather war-driven supply shocks, leaders say

Global economic uncertainty has risen due to the Iran war, but could ease if markets prove to be more resilient and less energy-dependent than in the past, an economic leader said.

Axios

Bernie Sanders issues blistering four-word response to Trump’s economic adviser’s take on rising oil prices over Iran war

Veteran left-winger ridicules National Economic Council Director Kevin Hassett over his attempts to reassure the public as war drags on and fuel crisis threatens to deepen

The Independent UK

Trump Economic Adviser Calls 300,000 'High-Paying' Job Cuts a Win — Union Calls It 'Cruel'

Explore the impact of Trump's federal job cuts, touted as a budgetary victory, but criticized for dismantling essential public services and affecting vulnerable populations.

International Business Times UK

A cacophony of presidential words, but few policy changes from Trump

ANALYSIS — A tidal wave of presidential words does not policy make. That was the lesson this past week at the White House, the Capitol and on board Air Force Once, where President Donald Trump got out 35,615 words publicly between Sunday and Thursday, according to CQ Roll Call’s Factba.se.…

Roll Call

Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

Government projections don’t see gas prices falling below $3 per gallon until the end of next year.

Fortune

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International Business Times UK

'Last of Our Concerns': Trump Economic Adviser Dismisses Consumer Concerns on Gas Price Hike

Kevin Hassett, Trump's economic adviser, downplays consumer struggles amidst rising gas prices and the US-Israeli conflict with Iran.

Fortune

This 'retirement nerd' at the uber-liberal New School teamed with Trump’s economy guru to reinvent the 401(k)

Teresa Ghilarducci told Fortune that Trump is a “quirky, bold leader," but admits that if she was younger, she'd have "ideological, righteous concerns."

We Got This Covered

Trump’s top economic adviser wants the Fed to punish its researchers. But the study that rattled him isn’t going anywhere

How dare they speak facts?

Reason

Support for Republicans Is Tanking. But Why Are Democrats Hated Just as Much?

Trump's second term is wrecking the Grand Old Party—and Democrats' refusal to own up to Biden's failure is killing the party of Jefferson and Obama.

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news in one place.

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The Independent UK

Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows

New research shows midsized U.S. companies pay far more in Trump-era tariffs, and the costs land at home

Roll Call

Wait for Supreme Court tariff decision reveals potential fallout

As the Supreme Court mulls the legality of the president's tariffs, evidence of a decision's potential fallout has emerged across Washington.

Fortune

Top Trump advisor furious about true cost of tariffs being revealed, vows to punish New York Fed for ‘worst paper’ ever in history

“The paper is an embarrassment,” Kevin Hassett fumed on CNBC, calling it “the worst paper I’ve seen in the history of the Federal Reserve System.”

Euronews

US House votes to overturn President Trump's tariffs on Canada

Six Republican lawmakers joined Democrats to block the tariffs in a 219 to 211 vote. Trump is expected to veto the measure.

The Independent UK

Trump team already looking to spin jobs numbers by claiming deportations are reason they’ll be down

Peter Navarro claimed ‘millions’ of illegal immigrants have been deported out of the U.S. job market

The Conversation

Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons

After months of speculation, US President Donald Trump confirmed he will be nominating Kevin Warsh as the next chair of the US Federal Reserve. The appointment has been closely watched in the context of Trump’s ongoing conflict with the Fed and its current chairman Jerome Powell.

Fortune

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

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