Hassett touts market response to report that he’s the front-runner to replace Powell at the Fed

National Economic Council (NEC) Director Kevin Hassett on Sunday praised the market’s reaction to Bloomberg’s report last week that Hassett is largely considered the frontrunner to replace Federal Reserve Chairman Jerome Powell. The president’s top economic adviser called the Bloomberg report a “rumor” in an interview on CBS News’ “Face the Nation.” Source link

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China’s factory activity unexpectedly contracts in November

Chinese-made automobiles and construction machinery are assembled and shipped for export at Yantai Port in Yantai City, Shandong Province, China, on October 21, 2025. Costfoto | Nurphoto | Getty Images China’s factory activity unexpectedly contracted in November, according to a private survey released Monday, as soft domestic demand continued to cast a pall over the…

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