Headlines

NEC Director Hassett says they have been in touch with big banks on credit cards, there will be great new "Trump Cards"; does not think legislation will be needed on credit cards

Newsquawk Staff ·

  • Idea on MBS plan is to get lower spreads on mortgages.
  • Will be going to Davos with Trump.
  • Trump to unveil plan for 401(k) for home down payments.
  • Independence of the Fed is essential for economic stability.
  • Hopes there is "nothing to see here" on DoJ Fed investigation.
  • Expects there's nothing to see on Fed cost overrun, wish they had been more transparent.
  • Warsh and Rieder would be great Fed Chairs.
  • If he took the Fed Job, he would commit to transparency.
  • Thinks trump can put 10% tariff on right away after SCOTUS rules.
  • Trump is talking with congress leaders on reconciliation. 

What it means

Hassett's comments suggest a focus on new financial initiatives linked to Trump, which could signal potential volatility in the markets, particularly in banking and credit sectors. His remarks on the Fed's independence and transparency underscore ongoing concerns about monetary policy, potentially affecting USD valuation and market sentiment. The mention of a 10% tariff indicates a possible shift in trade policy, which could have wider implications for risk assets and currency flows.

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