Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
NATO Strengthens Arctic Defense as Russia Expands Military Presence 
ICC Judges Sue Trump Administration Over Sanctions, Calling Measures Unlawful 
Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines 
US Strikes Iran After Strait of Hormuz Attack as Ceasefire Tensions Escalate 
White House Seeks $1.4 Billion to Combat Growing Ebola Outbreak 
US Senate Approves War Powers Resolution Urging Trump to End Iran Military Action 
Marco Rubio Reassures Gulf Allies Over U.S.-Iran Peace Deal 
NATO Chief Tries to Ease Trump Alliance Dispute 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
US Supreme Court Strikes Down Hawaii Gun Carry Law on Private Property 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Texas Approves Bible-Inclusive Reading Lists for Public Schools Starting in 2030 
Young Brazilian Voters Shift Right Ahead of 2026 Election 
US Approves $250 Million Fighter Jet Training Sale to Australia 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
White House economic adviser Kevin Hassett is gaining traction as a top candidate to succeed Jerome Powell as Federal Reserve Chair, according to a report by the Wall Street Journal. Hassett, a longtime ally of President Donald Trump, is now seen as a frontrunner ahead of former Fed governor Kevin Warsh, the report said.
The WSJ cited sources familiar with the matter who confirmed that Hassett met with Trump at least twice in June to discuss the Fed position. The growing speculation comes amid Trump's public dissatisfaction with Powell, whom he appointed in 2017. Trump has consistently criticized Powell for being too slow to cut interest rates, especially in light of inflation concerns driven by the administration’s aggressive tariff policies.
Although Powell’s term officially ends in May 2026, Trump is expected to fast-track the selection of a successor if re-elected, raising fresh concerns about the independence of the Federal Reserve. Powell has frequently warned of the inflationary risks tied to Trump’s trade agenda and has advocated for a cautious approach to rate cuts.
The Federal Reserve reduced interest rates by a total of 1% in 2024 but has signaled a slower pace of cuts in 2025. Inflation pressures, partly stemming from Trump’s tariff measures, remain a key concern for the central bank.
In addition to Hassett and Warsh, Trump has also considered Treasury Secretary Scott Bessent for the role, according to the report.
As the 2026 deadline nears and political pressure intensifies, the question of who will lead the Federal Reserve through the next phase of monetary policy remains central to market watchers and policymakers alike.
