White House adviser Hassett emerging as serious contender for next Fed chair: Reports
Hassett met with President Donald Trump about the Fed job at least twice in June, the report said.
Trump has previously said he has three or four people in mind as contenders for the top Fed job. Those reportedly include former Fed Governor Kevin Warsh, Hassett, current Fed Governor Christopher Waller, and Treasury Secretary Scott Bessent.
Trump has repeatedly criticized current Fed Chair Jerome Powell for not cutting interest rates and has floated the idea of naming a successor soon.
Powell is due to leave office in May 2026.
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Arab News
28 minutes ago
- Arab News
US resumes sending weapons to Ukraine after Pentagon pause
WASHINGTON: The Trump administration has resumed sending some weapons to Ukraine, a week after the Pentagon had directed that some deliveries be paused. The weapons now moving into Ukraine include 155 mm munitions and precision-guided rockets known as GMLRS, two US officials told The Associated Press on Wednesday. It's unclear exactly when the weapons started moving. Defense Secretary Pete Hegseth directed the pause last week to allow the Pentagon to assess its weapons stockpiles, in a move that caught the White House by surprise. The Pentagon has denied that Hegseth acted without consulting President Donald Trump. The officials spoke on condition of anonymity to provide details that had not been announced publicly.
Arab News
an hour ago
- Arab News
Nobel: The prize for peace that leaders go to war for
LONDON: In what supporters have called a symbol of solidarity and detractors a humiliating act of fealty, Israel's Prime Minister Benjamin Netanyahu this week revealed he had nominated Donald Trump for the Nobel Peace Prize — an award long sought by the US president. The decision by Netanyahu appears designed to help bolster ties between the two long-term allies and ease reported tensions over Israel's 21-month-long war in Gaza and its bruising 12-day conflict with Iran last month. Netanyahu presented the nomination letter to Trump at the White House on Monday, and was met with a look of surprise from the US president. 'It's nominating you for the Peace Prize, which is well deserved, and you should get it,' Netanyahu said. 'Wow, coming from you, in particular, this is very meaningful. Thank you very much, Bibi,' Trump responded. Netanyahu is also seeking US guarantees relating to arms supplies, especially after Iran's ballistic missile barrages last month placed substantial pressure on Israeli air defense systems, Khatib said. 'He wants to show Trump that he is the best ally he can have; he also knows that Trump is really looking after getting the Nobel Peace Prize,' she added • The Nobel Peace Prize was founded by Alfred Nobel, the inventor of dynamite. • Regret over his invention partly drove Nobel to create the prize to promote peace. • Carl von Ossietzky, Aung San Suu Kyi, and Liu Xiaobo, were imprisoned when awarded. • The youngest Nobel Peace laureate is Malala Yousafzai, who received it in 2014 at age 17. For Dania Koleilat Khatib, a specialist in US-Arab relations, Netanyahu's decision to nominate the president rests on his desire to 'do anything to court Trump.' She told Arab News that Netanyahu arrived in Washington with a set of demands covering almost every regional file of interest to Israel: Syria, Turkiye, Gaza, the West Bank and Iran. Trump has made no secret of his yearning for the prestigious prize, yet the nomination itself is only the first part of an extensive, secret process that winds up in the stately committee room of Oslo's Nobel Institute. The distinction and tradition of the Nobel name, however, is arguably a far cry from the reputation of Trump's nominator. Netanyahu, alongside former defense minister Yoav Gallant, is the subject of an arrest warrant issued by the International Criminal Court over allegations of war crimes and crimes against humanity relating to the conduct of Israel's military in Gaza. That fact would no doubt weigh on the minds of the five Norwegian Nobel Committee members who deliberate over the prize. For Khatib, the ICC arrest warrant alone means that Netanyahu's gesture is 'worthless.' • Only nominees put forward by qualified nominators are considered. • Self-nominations are not accepted. • The prize may be awarded to individuals or organizations. She told Arab News: 'I am not sure whether the nomination will be discarded but it is ironic that someone wanted by the ICC for alleged war crimes and potentially genocide nominates someone for the Nobel Peace Prize.' Upholding the reputation of the prize is a tall order, in part due to the strictness of its rules. The committee's choice for the annual award effectively ties the Nobel name to the future reputation of any recipient. The Nobel Foundation's Statutes also forbid the revocation of any award. Aung San Suu Kyi, the Burmese icon of democracy, fell from grace over her treatment of the Rohingya Muslim minority in the decades since she was awarded the Nobel Peace Prize in 1991. Former US President Barack Obama was controversially awarded the prize just nine months into his first term, to the dismay of figures including Trump, who called on the institution to retract the award. The decision to award Obama for 'extraordinary efforts to strengthen international diplomacy and cooperation between peoples' soon appeared foolish after it emerged the president had told aides, referring to his use of drone strikes: 'Turns out I'm really good at killing people.' The Nobel Committee's then secretary, Geir Lundestad, later expressed regret over the decision. 'Even many of Obama's supporters believed that the prize was a mistake,' he said. 'In that sense the committee didn't achieve what it had hoped for.' Khatib told Arab News that the most basic requirement of the prize is that the recipient contributes to peace. 'I personally don't know why Obama was awarded the Nobel Peace Prize,' she told Arab News. 'What was the achievement for which he was awarded the prize?' The Obama controversy may well have sparked Trump's desire to win the prize. He has referred to the 2009 award numerous times since, and has regularly expressed frustration over an accomplishment that he feels has eluded him. Netanyahu's nomination of Trump, however, is only the most recent that the US leader has received. He was nominated separately by a group of House Republicans in the US and two Norwegian lawmakers for his work to defuse nuclear tensions with North Korea in 2018. In 2021, Trump was also nominated by one of the two Norwegian lawmakers and a Swedish official for his peace efforts in the Middle East, including the Abraham Accords, which established formal relations between Israel and several Arab states. Shinzo Abe, the late former prime minister of Japan, also nominated Trump in 2019. • Members of national assemblies and governments. • Members of international courts. • University rectors, professors, and directors of peace research or foreign policy institutes. • Past laureates and board members of laureate organizations. • Current and former Norwegian Nobel Committee members and former advisers. Earlier this year, Pakistan said that it had nominated Trump for the prize in recognition of his work to end the country's brief conflict with India. New Delhi later denied that Washington played a role in mediation. Trump is also working toward a diplomatic solution to the Russia-Ukraine conflict, which has so far defied his negotiators. A day after Monday's White House meeting, Netanyahu's office released a copy of the nomination letter — dated July 1 — seen by Trump. 'President Trump has demonstrated steadfast and exceptional dedication to promoting peace, security and stability around the world,' it said. 'In the Middle East, his efforts have brought about dramatic change and created new opportunities to expand the circle of peace and normalization.' The prime minister's letter singled out the Abraham Accords as Trump's 'foremost achievement' in the region. 'These breakthroughs reshaped the Middle East and marked a historic advance toward peace, security and regional stability,' it said. The description of the region as having experienced a historic advance toward peace will raise eyebrows in many parts of the Middle East. Yet the strange circumstances of an alleged war criminal acting as a peace prize nominator has parallels with the Nobel name's own peculiar past. The prizes were established through the will of Alfred Nobel, a Swedish chemist, inventor and industrialist who amassed a fortune after inventing and patenting dynamite. The explosive was rapidly adopted for industrial use but was also soon prized for its utility as a tool of warfare. Caption The first awards bearing the Nobel name were handed out just after the turn of the century in 1901, five years after the Swedish visionary had died. They cover medicine, physics, chemistry, literature and peace. An economics prize was later established by the Swedish Central Bank in 1968, but it is not considered a Nobel prize in the same manner. Nobel's wishes were for the peace prize to go to 'the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses.' The strict codification of Nobel's will resulted in the Nobel Statutes, a set of rules followed by the Nobel Foundation, which oversees the secretive process behind the five prizes. Judges are forbidden from discussing their deliberations for half a century after they take place. The peace committee is the sole Nobel prize body in Norway, and its five members are appointed by the country's parliament. Nominations for the revered prize can only be submitted by specific people and organizations, including heads of state, national politicians, academic professors and company directors, among others. It is forbidden for people to nominate themselves. Prominent Arab politicians have been awarded the peace prize. Yasser Arafat was given the award in 1994 for his efforts toward reaching a peaceful settlement to the Israel-Palestine conflict. In 1978, Egypt's Anwar Sadat was recognized for signing the Camp David Accords, which were witnessed by Jimmy Carter, the US president at the time, who was later awarded the prize in 2002 for his work to promote human rights after leaving office. For Trump, however, hopes for his long-desired prize will have to wait until next year; nominations must be submitted before February for the prize to be awarded in the same year. At the time of publishing, the Nobel Committee had not commented on Netanyahu's nomination, whether they had any reservations, or whether they would accept it.
Al Arabiya
an hour ago
- Al Arabiya
US sanctions UN expert Francesca Albanese over Israel-related actions
The United States is imposing sanctions on Francesca Albanese, the United Nations' special rapporteur on human rights in the occupied Palestinian territories, over her efforts to have the International Criminal Court take action against US and Israeli officials, companies and executives, US Secretary of State Marco Rubio said in a statement on Wednesday. Rubio accused Albanese of bias and said her efforts to prompt the court to 'investigate, arrest, detain, or prosecute' US and Israeli citizens have infringed on those countries' sovereignty. 'We will not tolerate these campaigns of political and economic warfare, which threaten our national interests and sovereignty,' Rubio said. A spokesperson for Albanese did not immediately respond to a request for comment. Albanese, an Italian lawyer and academic, has called on states at the UN Human Rights Council to impose an arms embargo and cut off trade and financial ties with Israel, alleging it is waging a 'genocidal campaign' in Gaza. In a report published earlier this month, Albanese accused over 60 companies, including major arms manufacturers and technology firms, of involvement in supporting Israeli settlements and military actions in Gaza. The report called on companies to cease dealings with Israel and for legal accountability for executives implicated in alleged violations of international law. Albanese is one of dozens of independent human rights experts mandated by the United Nations to report on specific themes and crises. The views expressed by special rapporteurs do not reflect those of the global body as a whole. Since returning to office on January 20, President Donald Trump has stopped US engagement with the UN Human Rights Council, extended a halt to funding for the Palestinian relief agency UNRWA and ordered a review of the UN cultural agency UNESCO. He has also announced US plans to quit the Paris climate deal and the World Health Organization. The Trump administration imposed sanctions on four judges at the International Criminal Court in June in retaliation over the war tribunal's issuance of an arrest warrant for Israeli Prime Minister Benjamin Netanyahu and a past decision to open a case into alleged war crimes by US troops in Afghanistan.
