Friday, January 16, 2026 at 11:08 PM
President Trump expressed a desire to keep Kevin Hassett as his top economic adviser instead of nominating him to lead the Federal Reserve, which has implications for the search for a new Fed chair.
The Treasury secretary who previously urged Trump not to fire the Fed chair is now publicly building the case against him.
Wednesday’s arguments in the Lisa Cook case come amid a broader Trump campaign to bend the central bank to presidential will.
The Federal Reserve’s current policy stance on interest rates leaves the central bank well positioned to determine the extent and timing of additional rate adjustments based on incoming data, Philip Jefferson said.
JPMorgan’s CEO had been rebuilding his relationship with the president, but the fight over Fed Chair Powell threatens to blow it up again.
