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Kevin Hassett

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Global Economy & Central Banks Just now (07:50 AM IST)

Hassett Says U.S. Is Still Digging Out From Biden-Era Covid Spending

White House economic adviser Kevin Hassett said the U.S. economy is still working through the aftereffects of the Biden administrationโ€™s Covid-era spending, underscoring how the Trump team continues to frame current economic conditions through the lens of fiscal excess and inflation. His remarks reflect a broader political and policy argument in Washington: that the post-pandemic recovery was distorted by heavy federal outlays, leaving the current administration to manage the residue.

By RDU Global Wire7 min read
World Politics & Diplomacy1h ago

Two Arrested After Mysterious Sewer Emergence Near UN Security Zone in New York

New York police have arrested two men after three people were seen climbing out of a manhole near a hotel where Israeli Prime Minister Benjamin Netanyahu was reportedly expected to stay during the UN General Assembly. Authorities said the incident appears consistent with previous cases of people entering the city's sewer system to search for valuables or scrap metal, but the location prompted heightened security sweeps with federal partners.

4 min readRead โ†’
Global Economy & Central Banks11h ago

Warsh Pushes Fed Regime Change, but Inflation and Internal Resistance Slow the Break

Federal Reserve Chairman Kevin Warsh is rapidly reshaping the central bank's tone and communications in the first 127 days of his tenure, but his broader promise of regime change is colliding with stubborn inflation, market expectations and resistance inside the Fed. While he has moved quickly on visible procedural changes, his ability to deliver deeper policy shifts remains constrained by the economy and by colleagues who are not yet aligned with his approach.

5 min readRead โ†’
Cybersecurity & Cyber Warfare3h ago

Kiteworks Urges Customers to Shut Down Servers as Cyber Threat Seen as 'Imminent'

Kiteworks is warning customers to power down systems after receiving credible threat intelligence from law enforcement about a possible cyberattack targeting some of its servers. The precautionary alert, described by the company as preventative rather than a response to a confirmed breach, has already disrupted at least one healthcare customer and raised fresh concerns about zero-day exploitation in widely used file-transfer software.

5 min readRead โ†’

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