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Hassett: Trump wants the Federal Reserve chairperson to make an independent judgment, and Trump is seeking a data-dependent candidate among the Fed chair candidates.
The SEC's Division of Trading and Markets has issued a staff statement on custody of crypto-asset securities by broker-dealers, stating that the Division will not object to a broker-dealer being deemed to have "physical possession" of crypto-asset securities held for client accounts pursuant to Rule 15c3-3 (b) (1) if the broker-dealer takes the measures described below. Access rights and transfer capabilities of crypto-asset securities Evaluation of the characteristics of distributed ledger tech...
According to CNBC: White House National Economic Council Director Hassett's candidacy for Federal Reserve chair has encountered some opposition in circles close to Trump. Some people are concerned that Hassett is too close to the president.
According to market news, Trump Federal Reserve Chair candidate Warsh has said that bitcoin is a check on government spending.
President Donald Trump said on Tuesday that he would meet "several" candidates to replace Jerome Powell as chairperson of the Federal Reserve. "I'm going to be looking at a couple of different people, but I already know exactly who I want," Mr. Trump told reporters aboard Air Force One en route to an event in Pennsylvania.
The dollar fell after Trump aggressively suggested Hassett was a potential candidate for the next Federal Reserve chair, and investors turned cautious ahead of the release of U.S. jobs data. Trump said he may announce his choice for Fed chair early next year and is considering Hassett, who is expected to favor lower interest rates. The ADP private jobs report is scheduled to be released tonight. Due to the government shutdown, there will be no more official jobs data before the Federal Reserve d...
Nick Timiraos, the Fed mouthpiece, said the Trump administration had cancelled a series of interviews scheduled for this week with a group of candidates for Fed chairpersonship, as Mr. Trump again signalled he had made a decision.
After the Bureau of Labor Statistics released a stronger-than-expected September non-farm payrolls report, some Wall Street institutions raised the probability that the Federal Reserve will not cut interest rates next month. On Thursday evening local time, JPMorgan Chase followed Morgan Stanley's lead and withdrew its forecast for a 25 basis point rate cut by the Federal Reserve in December. The bank still expects the next rate cut to be...
Elon Musk's chatbot went viral for declaring him the most wonderful man on earth—fitter than LeBron, smarter than da Vinci, and definitely not biased at all.
U.S. Treasury Secretary Vincent Bescent: The next candidate for Federal Reserve Chair may be determined before Christmas.
