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Decision on next Fed chief may take months: Hassett

Financial Express Bengaluru

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August 26, 2025

NATIONAL ECONOMIC COUNCIL Director Kevin Hassett indicated President Donald Trump's decision on who should succeed Federal Reserve Chair Jerome Powell is months away.

- BLOOMBERG

"I would expect that this would run out for another few months before the president decides," Hassett said in a CNBC interview Monday. Treasury Secretary Scott Bessent is "running a thorough search process. There are a number of really excellent candidates being interviewed by him and the president."

Powell's term as Fed chair is set to expire in May.

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DGCA panel visits IndiGo HQ amid crisis

THE FOUR-MEMBER panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate large-scale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said.

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Trump’s steep H-1B visa fee…

“THE FEAR IS that if you have truly exceptional talent overseas, those people are definitely going to be missing out.”

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Tata Power to explore 20-50 MW small modular projects: CEO

TATA POWER WILL explore setting up small modular reactor (SMR) projects of 20-50 megawatt capacity post legal amendments required for the entry of private players into the nuclear space, a top company official said.

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Siemens growth engine gaining speed

ORDER INFLOWS SWELL 20% Y-O-Y TO ¥20,000 CRORE IN FY25

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Australia plans stricter gun regulations

AUSTRALIA VOWED STRICTER gun laws on Monday as it began mourning victims of its worst mass shooting in almost 30 years, in which police accused a father-andson duo of killing 15 people at a Jewish celebration at Sydney's famed Bondi Beach.

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1 min

December 16, 2025

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FMCG set for growth as GST issues wind down

A GST-LED FORMALISATION and more disposable incomes in the hands of people could support consumption growth, particularly in foods, some of the country's top FMCG CEOs said at the CII FMCG Summit in Mumbai on Monday.

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December 16, 2025

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Revamped MGNREGA: Infra, foolproof funding in focus

CENTRE, STATES TO SHARE COSTS IN 6:4 RATIO

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Maruti to localise batteries and key components soon

CARMAKER CHARTS ROADMAPTO BUILD STRONGER EV ECOSYSTEM

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‘Top 15-20% of consumers driving growth energy’

Sudhir Sitapati, MD & CEO, Godrej Consumer (GCPL), says there is cautious optimism among FMCG players, driven by GST 2.0 price reductions, rural demand anda gradual urban recovery.

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1 mins

December 16, 2025

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Exports see smart rebound, Nov shipments rise 19.4%

TRADE DEFICIT AT 5-MONTH LOW OF $24.5 BILLION

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December 16, 2025

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