Trump says he will nominate Fed chair in ‘early’ 2026

The Trump administration has canceled interviews with finalists for the position of Federal Reserve chair, indicating that President Trump has likely made a decision regarding the leadership of the central bank. This move comes as Trump publicly endorses Kevin Hassett, a longtime adviser, as a leading candidate for the role.

Brazilian President Lula and former U.S. President Donald Trump engaged in a phone call to discuss trade and sanctions, highlighting ongoing economic relations between Brazil and the United States. This conversation comes amid fluctuating tariff policies affecting Brazilian exports, particularly in the coffee and beef sectors.

The Trump sons’ bitcoin venture has seen a dramatic decline, shedding nearly 40% of its value amid ongoing turmoil in the cryptocurrency market, as investors rushed to cash out following the end of a lock-up period. This significant drop reflects broader instability in digital assets, particularly as Bitcoin has faced a series of losses recently.

Former President Donald Trump announced that he will nominate a new chair for the Federal Reserve in early 2026, with Kevin Hassett, a longtime advisor, emerging as a leading candidate for the position. This announcement follows ongoing discussions about the future direction of U.S. monetary policy and the Fed's role in managing economic challenges.

Former President Trump has announced plans to halt certain food aid support for states led by the Democratic Party, citing ongoing disputes over data. This decision is expected to impact the distribution of food assistance in these states, raising concerns among local officials and residents who rely on such support.

The Trump administration is set to announce new fuel efficiency standards for cars, aiming to ease existing mileage rules that have been criticized for contributing to the rising costs of new vehicles. This development was reported by Bloomberg News, with insights from auto reporter Keith Naughton on the program 'Bloomberg Markets.'

Former President Trump has removed the term 'renewable' from the title of a U.S. energy lab, signaling a shift in focus away from renewable energy initiatives. This change reflects a broader trend in energy policy that may prioritize traditional energy sources over renewable alternatives.

Taiwan's Foreign Minister Lin Chia-lung expressed confidence that the Trump administration will permit President Lai Ching-te to transit through the United States, highlighting a positive diplomatic outlook for Taiwan's leadership.