All posts tagged: Kevin Hassett

Kevin Warsh Fed nomination hearing delayed

Kevin Warsh Fed nomination hearing delayed

Published by Sam Flores

Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. Brendan McDermid | Reuters An expected nomination hearing for Federal Reserve chair candidate Kevin Warsh has been delayed, a person familiar with the matter told CNBC on Thursday evening. Warsh had been set to appear before the Senate Banking Committee on April 16. That won’t happen, but the hearing is still expected soon, the person said, requesting anonymity as the details have not been made public by the committee. The committee’s rules require that it give a week’s notice before the hearing is held, and the panel first needs to collect paperwork from the nominee, including financial disclosures. The Banking Committee has yet to receive Warsh’s paperwork, according to three people familiar with the Senate process. The committee has not formally noticed the hearing. The deadline for doing so was Thursday. Punchbowl earlier reported the delay to Warsh’s hearing. Warsh’s finances may be …

Hormuz Strait oil traffic down after ceasefire; Hassett credits one tanker

Hormuz Strait oil traffic down after ceasefire; Hassett credits one tanker

Published by Sam Flores

National Economic Council Director Kevin Hassett speaks to the press outside the West Wing of the White House on February 11, 2026 in Washington, DC. The Bureau of Labor Statistics announced that the United States had added 130,000 jobs in January. Anna Moneymaker | Getty Images President Donald Trump’s top economic advisor Kevin Hassett said Thursday that getting even one oil tanker through the Strait of Hormuz would provide a “huge chunk of what’s missing” amid a global supply crunch caused by the U.S.-Israel war in Iran. Hassett, director of White House’s National Economic Council, made the claim as traffic through the key shipping route remains tightly throttled, despite the U.S. and Iran reaching a fragile ceasefire that ostensibly involves reopening the strait. More than 100 commercial vessels, mostly oil tankers, were passing through the strait each day before the war started on Feb. 28, according to data from Kpler. Matt Smith, Kpler’s lead oil analyst said just two tankers — one of which was Iranian — and a handful of bulk carriers have transited …

0 bln Iran war spending request will ensure military funded

$200 bln Iran war spending request will ensure military funded

Published by Sam Flores

Defense Secretary Pete Hegseth said Thursday that the Pentagon’s reported $200 billion budget request for Iran war funding “could move.” “It takes money to kill bad guys,” Hegseth said at a press briefing when asked to confirm the figure, which The Washington Post first reported Wednesday evening. “We’re going back to Congress and our folks there to ensure that we’re properly funded,” Hegseth said. The acknowledgment that a massive supplemental request is in the offing could signal that the U.S. — which has spent roughly $1 billion per day on the war so far, per some estimates — is preparing for a longer fight than the administration’s previously floated four-to-six-week timeline. Hegseth on Thursday declined to say when the U.S. expects to achieve its objectives in Iran. “It will be at the president’s choosing, ultimately, where we say, ‘Hey, we’ve achieved what we need to on behalf of the American people to ensure our security,’” he said. “So no time set on that, but we’re very much on track.” President Donald Trump, asked in the …