Fed, December and interest rates
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White House, jobs report
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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.
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.
Top Fed contenders Kevin Warsh and Kevin Hassett openly criticise Jerome Powell and the central bank, urging policy changes and independence ahead of the White House selection.
The Massachusetts Democrat asked White House officials to assure her that they won’t “prop up” AI companies with taxpayer dollars amid concerns over an “AI bubble.”
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.