Advertisement
Advertisement
TOPIC
 / people

Kevin Hassett

Kevin Hassett
The latest news and top stories on Kevin Hassett. An American economist, he currently serves as Director of the National Economic Council, a role he assumed in January 2025. Previously, he was the 29th Chair of the Council of Economic Advisers from 2017 to 2019 and a Senior Advisor during the COVID-19 pandemic. Hassett is known for his expertise in tax policy, business investment and trade, having authored numerous papers. He has also advised multiple presidential campaigns and is a leading contender for the Federal Reserve chair in 2026.
The Hang Seng Index rose for the third consecutive day on Wednesday. Photo: Jelly Tse
Hong Kong stock market

Hong Kong stocks extend win streak amid stabilising oil prices despite Iran war

Hang Seng Index rises for a third day, the longest run since January, as Wall Street rally and steadier oil prices boost mood.

United States

US sheds 92,000 jobs in warning sign for Trump’s economy

videocam
United States

US job market defies Trump policy fears with January growth

videocam
13
United States

Trump picks former Federal Reserve official Kevin Warsh to chair US central bank

The nomination comes as economic issues – from tariffs to affordability – dominate the policy agenda ahead of the November midterm elections.

videocam
Kevin Warsh is a former governor of the Federal Reserve Board. Photo: AP
US Federal Reserve

Before Trump’s Fed pick, a new clear favourite emerges for chair

Betting markets show shiny odds for a former governor, with a prominent asset manager trailing a distant second as the announcement looms.

United States

Trump’s freewheeling Davos speech stirs unease among global audience

Harsh rhetoric from the US leader at forum combined threats towards allies with praise for traditional adversaries during a 70-minute talk.

videocam
17
Advertisement
Advertisement
Advertisement
Greenland

Europe prepares retaliation over Trump’s Greenland ultimatum

Eight European countries consider US$108 billion retaliation and ‘anti-coercion’ tools after Trump vows tariffs on Europe over Arctic island.

40
Danish soldiers after disembarking at the harbour in Nuuk, Greenland on Sunday. Photo: Mads Claus Rasmussen/Ritzau Scanpix via Reuters
US Federal Reserve

Trump says preferred Fed pick is ready, again teases firing Powell

US president urges Jerome Powell to resign as he considers a ‘gross incompetence’ lawsuit against the Fed leader.

Venezuela

US pursues third oil tanker as Trump’s Venezuela ‘blockade’ intensifies

US Coast Guard shadows a sanctioned ‘dark fleet’ supertanker as Washington moves to choke off Venezuela’s oil revenue.

22
United States

US Fed delivers quarter-point rate cut as policymakers weigh inflation outlook

Move falls short of Trump’s demands as debate over Fed independence intensifies and markets brace for global spillover effects.

videocam
US Federal Reserve Chair Jerome Powell is set to step down in May. Photo: Reuters
China trade

‘Strong breakwaters’: China’s central bank vows to shield from external shocks

Governor Pan Gongsheng says policy must prioritise the domestic economy, warning against ‘excessive policy swings’ that could undermine long-term stability.

People’s Bank of China governor Pan Gongsheng has said that monetary policy must balance internal and external pressures. Photo: Getty Images
Hong Kong stock market

Hong Kong stocks’ gains slow amid signs of China slowdown

Rebound may carry on after some consolidation, as investors eye Beijing policy support towards the end of the year, analyst says.

Yuan

China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as the driver.

United States

Trump eyes Christmas deadline to name new Fed chair: Bessent

The US treasury secretary says simplifying the Fed is key, as he conducts interviews with the five candidates to succeed Chair Jerome Powell.

videocam
US Treasury Secretary Scott Bessent speaks to the media, following trade talks between the US and China, in Kuala Lumpur, Malaysia on October 26. Photo: Reuters
United States

Shutdown crippled US jobs report, so no unemployment rate: Trump adviser

National Economic Council Director Kevin Hassett also said he expects the government closure to reduce fourth-quarter GDP by 1.5 per cent.

Director of the US National Economic Council Kevin Hassett speaks to reporters outside the White House last month. Photo: AFP
United States

Shutdown chaos could see US air travel fall to a ‘trickle’, transport secretary warns

Thousands more flights cancelled or delayed as passengers face chaos triggered by the federal government shutdown.

United States

38-day US government shutdown far worse than expected: Hassett

White House adviser Kevin Hassett told reporters he expects an economic recovery after the government reopens, but did not declare a recession.

Advertisement
Advertisement
Advertisement
Canada

Canadians pull Reagan anti-tariff ad after furious Trump scraps trade talks

Ontario Premier Doug Ford says he spoke with PM Mark Carney and will pause the ad so negotiations can resume.

4
US President Donald Trump stands in front of a painting of former US president Ronald Reagan in the Oval Office in September. Photo: Reuters
US-China relations

Trump downplays Beijing threat to Taiwan as Australia touts rare earths deal

At White House meeting with counterpart, US leader praises ties with Xi and disses Aussie envoy after 10-month delay to seal minerals deal.

videocam
46
United States

US begins sending nuclear workers home as shutdown drags on

Some 1,400 NNSA federal employees are being placed on unpaid furlough as the US endures its longest full government shutdown ever.

United States

US shutdown near end after ‘No Kings’ rallies: Hassett

White House adviser expects shutdown to end this week, citing ‘bad optics’ for Democrats during ‘No Kings’ rallies; hints at cuts if it persists.

Clouds appear to curve around the dome of the US Capitol during the continuing government shutdown in Washington. Photo: Reuters
US-China trade war

Trump team presses unlikely buyers to snap up US soybeans

Since China stopped buying US soybeans, Donald Trump is pushing countries like India to boost purchases while weighing a multi-billion-dollar farm bailout.

videocam
72
A farmer handles soybeans from a field in the US state of Indiana. Photo: AP
Intel

Trump wants more investment deals like Intel’s, worrying business community

The White House announced a near-10 per cent stake in chipmaker Intel on Friday that converts government grants into an equity share.

6
United States

Macroscope | Trump’s crusade against the Fed turning US into an emerging market

If Trump continues to challenge the independence of the US central bank, markets will have to stop giving his behaviour a free pass.

videocam
US President Donald Trump, left, leaves the Rose Garden with Jerome Powell, his nominee to become chairman of the US Federal Reserve, at the White House in Washington on November 2, 2017. Photo: Reuters
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement