Kevin Hassett, a White House economic adviser, has reportedly emerged as a leader among the Trump administration’s short list to replace Jerome Powell. US President Donald Trump is slated to choose a new Federal Reserve chair by Christmas, and the frontrunner, Kevin Hassett, could be a boon for the crypto industry. Hassett is a White House economic adviser who has reportedly emerged as a strong candidate for the Fed chair position. He is the director of the National Economic Council and oversaw the digital asset working group directed by the White House earlier this year. Trump has been trying to increase his administration’s control over the Federal Reserve, the country’s central bank, thereby expanding the White House’s influence over monetary policy. Read more
Ukrainian President Volodymyr Zelensky’s top security official denied on Friday that he had agreed to a Trump administration peace plan, and European leaders hastily sought a response to a draft that endorses most of Russia’s key wartime demands. Washington has presented Kyiv with a 28-point plan that would require Kyiv to give up additional territory, scale back the size of its military and forever abandon hope of joining the Nato alliance. Ukraine’s European allies said they had not been consulted over the plan and scheduled an urgent phone call to discuss the situation. Britain and Germany said their leaders would take part. Zelensky’s office did not say whether he would join in. US officials said the plan was drafted after consultations with Rustem Umerov, secretary of Ukraine’s National Security and Defence Council, a close Zelensky ally who served as defence minister until July. “This plan was drawn up immediately following discussions with one of the most senior members of President Zelensky’s administ...