Fed, December and interest rates
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White House, jobs report
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WASHINGTON (Reuters) -White House economic adviser Kevin Hassett said on Wednesday that he would be able to get to work quickly as Federal Reserve chair due to his experience at the U.S. central bank, but would stay in his current job if President Donald Trump chooses another candidate.
President Donald Trump certainly isn’t the first president to try to influence the Federal Reserve. He is the one who’s tried the hardest. Markets took a beat when he took the unprecedented action of attempting to fire Federal Reserve Governor Lisa Cook for cause in August.
The high—and rising—cost of living hurt Republicans in the recent elections, which bodes ill for the GOP in the 2026 midterm congressional races next year. Republicans are in panic mode. Voters are blaming them for high prices. It’s true much of that is the result of Joe Biden’s disastrous policies, but as incumbents, the GOP owns the economy now.
WASHINGTON (Reuters) -The White House said on Wednesday that October jobs and inflation data reports might never be released as a consequence of the government shutdown.