The Fed and the US economy
Ongoing coverage of Fed rate decisions, what Fed officials say, the fight over Fed independence, and US jobs, inflation and Treasury yield data, updated daily.
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Federal Reserve
Administration
What they said
What the key figures said on the record, as reported.
Donald Trump43
Kevin Warsh38
Scott Bessent9
Kevin Hassett9
Lisa Cook5
Christopher Waller4
Neel Kashkari4Beth Hammack4
Austan Goolsbee3
Michelle Bowman2
Hassett Sees Fed Acting if October Inflation Data Are HighWhite House National Economic Council Director Kevin Hassett said the Federal Reserve would likely raise interest rates if this month’s inflation figures are elevated. After the latest PCE report, he said the Fed would “probably appropriately act.”
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Bloomberg Television
Powell in the hot seat as Hassett calls for his resignationNational Economic Council Director Kevin Hassett called for Jerome Powell to step down from the Federal Reserve Board of Governors while discussing inflation and other issues.
F
Fox News
Hassett Says Powell Can Decide His Own FutureNational Economic Council Director Kevin Hassett says it is unusual that Jerome Powell remains a member of the Federal Reserve Board of Governors after being replaced as chair. Asked whether Powell should leave, Hassett says the decision belongs to Powell.
B
Bloomberg Television
NEC’s Hassett on Jobs Report, Powell’s Future and Paying Down US DebtWhite House National Economic Council Director Kevin Hassett says the September US jobs report was in line with expectations and forecasts strong holiday consumer spending. He also says Jerome Powell must decide whether to remain on the Federal Reserve Board of Governors.
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Bloomberg Television
NEC’s Kevin Hassett on 9/11, Inflation and Trump’s $5,000 PaymentsNational Economic Council Director Kevin Hassett says U.S. inflation has been “clearly decelerating” over the past three months. He discusses respecting Federal Reserve independence on interest rates, the potential route to Donald Trump’s proposed $5,000 payment if Republicans retain both chambers in the midterms, and his personal experience on September 11, 2001.
B
Bloomberg Television
NEC’s Hassett Says Inflation Is Under ControlWhite House National Economic Council Director Kevin Hassett responds to the August US employment report and says the Trump administration respects the Federal Reserve’s independence.
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Bloomberg Television
Trump and Warsh Talk About the Economy ‘All the Time,’ Hassett SaysPresident Donald Trump and Federal Reserve Chairman Kevin Warsh frequently discuss the economy, National Economic Council Director Kevin Hassett says. Hassett characterizes their conversations as happening “all the time.” His remarks center on the regular economic discussions between Trump and Warsh. No policy decision or additional economic measure is identified in the statement.
B
Bloomberg News
Hassett Says Trump and Fed Chair Warsh Talk About the Economy ‘All the Time’National Economic Council Director Kevin Hassett says President Donald Trump and Federal Reserve Chair Kevin Warsh discuss the economy “all the time.” Hassett made the remarks on Bloomberg Open Interest. He says he is sure Trump is not telling Warsh what to do about interest rates. The comments focus on the frequency of their conversations and the independence of rate decisions.
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Bloomberg Television
NEC’s Hassett on US Job Losses, Fed Independence, Iran and Energy PricesWhite House National Economic Council Director Kevin Hassett says the breakeven hiring rate in the July jobs report is a key focus for him. He says President Donald Trump speaks with Federal Reserve Chair Kevin Warsh about the economy frequently, while respecting the central bank’s independence. Hassett also discusses the war in Iran, energy prices and government debt during an appearance on Bloomberg Open Interest.
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Bloomberg Television
News calendar
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November 20265 related reports
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- Economic frustration set to boil over in midterm electionsC
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- Fed study finds Treasury dealers’ financing burden can outlast their bond holdingsC
CryptoSlate - Tech selloff could ease pressure on the FedB
Bloomberg Television - The $40 Trillion Problem Washington Won’t Talk AboutB
Bloomberg Television