News

Hassett says White House probing Fed renovation costs, authority to fire Powell
WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for ...
White House defends tariffs on Brazil despite trade surplus
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News ...
Contenders to succeed Powell slam Fed chair as White House pressure intensifies
Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank’s ...
Jerome Powell asks Inspector General to review Fed’s $2.5B HQ revamp as Trump escalates attacks: report
A source familiar with the matter told Axios that Powell directed Inspector General Michael Horowitz to examine the project’s costs.
Fighting the Fed means more than switching chairs
The White House raised the specter of firing central bank head Jerome Powell over 'ostentatious' $2.4 bln renovations. Even ...
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building ...
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White House Increases Attacks On Powell Over Fed’s $2.5B Office Renovation
Kevin Hassett, an economic adviser to President Donald Trump, said that the Federal Reserve chairman had "a lot to answer for ...
Now, central bank chief targeted for ‘ostentatious’ Fed renovation costs
White House economic advisor Kevin Hassett stated President Trump possesses the authority to dismiss Federal Reserve chair ...
Monetary policy at the world’s most important central bank could hinge on an argument over building renovation specs
The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV ...
Morning Bid: Euro Shrugs at Tariffs, but Bonds Balk
Thirty-year Treasury yields hit their highest in more than a month - within 2 basis points of the 5% threshold. Wall Street ...
Donald Trump criticises Fed Chair Jerome Powell again, says ‘I hope he quits’
U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that ...
Economic council head says Trump's ability to fire Fed's Powell is 'being looked into'
In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with ...