Alex Ossola

edition of What's News, the top headlines and business stories that move the world today.

The contest for the next chair of the Federal Reserve, what you may recall as the battle between the two Kevins, is far from over.

Today, President Trump signaled that he may want to keep National Economic Council Director Kevin Hassett in his current job.

Speaking at a health care event at the White House today, Trump addressed Hassett, who was seated in the front row.

Fed Chair Jerome Powell's term is up in May.

For more on where the contest to succeed him stands, I'm joined now by WSJ Chief Economics Correspondent Nick Timoros.

So, Nick, at certain points towards the end of last year, Hassett seemed like maybe the frontrunner.

Today we hear from Trump, maybe that's not true anymore.

Where does that leave the other Kevin in the running, former Fed Governor Kevin Warsh?

And how up in the air is this decision?

Are the other candidates still serious contenders?

There was Fed Governor Christopher Waller and BlackRock Executive Rick Reeder.

You write that the criminal investigation into Powell has thrown a twist into the search for his replacement.

What are the issues that have come up on Capitol Hill?

And how does this jostling over who the Fed chair may be affect perceptions of interest rate decisions?

That was WSJ Chief Economics Correspondent Nick Timoros.

Thanks, Nick.

In other news from the White House today, President Trump will issue a plan next week for letting Americans tap their 401k retirement accounts for a down payment on a home.

That's according to Kevin Hassett, who we were just talking about, who was speaking on Fox Business today.

It's the latest affordability proposal floated by the White House.