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
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.
Tesla (TSLA) gets 5-wk extension in US probe of FSD traffic violations
Southbound ship traffic in Turkey’s Dardanelles Strait has been suspended following a ship engine failure, according to a shipping agent
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 Update: Monday, 19th January 2026 - MLK Day.
US BROKER MOVES: STX upgraded at Susquehanna; HPQ downgraded at Barclays
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- 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.
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.
Related headlines
- Newsquawk European Market Wrap - 11th September 20262 days ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print2 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC2 days ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- US President Trump says he asked Ukrainian President Zelensky not to hit diesel refineries1 hour ago
- US President Trump reiterates USD 5k payment to all US adults will happen 2 days ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL2 days ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+2 days ago
- JPMorgan revises Fed forecast and now sees hikes in September and December2 days ago
- Newsquawk Weekly Economic Calendar - 13th-18th September 20262 days ago
The whole workspace, free to try.
Try it free