• Kevin Hassett, director of the White House National Economic Council, says the market has confidence in new Fed Chair Kevin Warsh, but his remark alone doesn't signal lower rates.
  • The Fed raised rates by a quarter-point to 3.75%–4.00% in September, and minutes released October 7 show most officials favor another increase before year-end.
  • The leadership transition remains contentious, with Hassett urging former Chair Jerome Powell to leave the Board of Governors and Senator Thom Tillis blocking Fed nominations.