US White House NEC Director Hassett says cannot discuss whether Fed Chair Powell gave White House heads-up and on Powell staying on, says he is disappointed in what Powell said

Newsquawk StaffFederal Reserve newsPublished 30 Apr 2026, 13:52 UTC

Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

13:35

ECB President Lagarde (Q&A) says that by June, ECB will have a lot more information to see whether we are beginning to see second-round effects

13:34

ECB President Lagarde (Q&A) says fiscal measures should be targeted, tailored, and temporary; some add a fourth 'T', transformational

13:32

US White House NEC Director Hassett says cannot discuss whether Fed Chair Powell gave White House heads-up and on Powell staying on, says he is disappointed in what Powell said

13:28

Russian Deputy PM Novak says the global oil market will still be in turbulence for some time, and will take several months to stabilise, Interfax reports

13:27

ECB President Lagarde (Q&A) says tightening of financial conditions seen recently is doing some of the work; notes they are not seeing any second-round effects

On the Newsquawk feed at 13:32, 20 minutes before this page.

Use the PlatformFree. No signup, no card.

Would be policy error for ECB's or Fed to hike rates.
Mistake to hike rates into temporary energy spike.
Productivity boom will keep core prices under control.
New housing construction could lift growth to 4-5%.
Productivity boom will keep core prices under control.

Context

Director Hassett's comments suggest a dovish stance regarding rate hikes from both the Fed and the ECB, emphasizing caution amid temporary energy price spikes. His belief that productivity gains will help contain inflation implies we may not see aggressive tightening soon, which could impact USD and fixed income markets positively. This adds a layer of uncertainty around Fed Chair Powell's communication and future policy direction, particularly if there is perceived misalignment with White House expectations.

Newsquawk Daily

Get both market opens in your inbox.

FX · last 90 days

Recent headlines that moved markets

FX/14 Oct · 12:30 UTC

US Core CPI (Sep MM) 0.3% vs. Exp. 0.2% (Prev. 0.3%).

- USD/JPY, after we published+0.3%

FX/8 Oct · 08:30 UTC

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.

DXY, after we published+0.1%

FX/5 Oct · 11:16 UTC

Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.

Market, after we published+0.1%

FX/29 Sept · 18:00 UTC

Fed's Williams (voter) says sees no need for urgency after Sept rate hike.

- DXY, after we published−0.2%

FX/29 Sept · 05:32 UTC

[PRESS CONFERENCE] RBA Governor Bullock says inflationary pressures to last longer than expected; inflation is driven by domestic capacity pressures; Board will raise rates again if needed.

AUD/USD, after we published−0.6%

FX/28 Sept · 07:56 UTC

Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.

Following the commentary USD/JPY, after we published−0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Free.

No signup, no card.

Use the Platform

Related headlines

The feed had this first.

Use the Platform