Hassett Denies White House Exit Amid Post-Midterm Staffing Turmoil

Key points

• Semafor reported that Hassett has been inquiring about roles outside the administration since before the November midterm elections.
• Hassett denied the reports via text to CNBC, and a White House official stated there is 'no factual basis' for the claims.
• Treasury Secretary Scott Bessent and his counselor David Zervos were cited by Semafor as potential successors to Hassett.
• The potential departure is part of a broader wave of staffing changes, including the replacement of Chief of Staff Susie Wiles with Stephen Miller.
• Hassett has served as the top economic adviser for the entirety of Trump's second term, previously leading the Council of Economic Advisers in the first term.

Background

Hassett has been a central figure in the administration's economic strategy, including its campaign against former Federal Reserve Chair Jerome Powell. His potential exit follows a period of significant instability, including the rapid dismissal of press secretary Katie Zacharia and the departure of several female cabinet officials. The administration is currently navigating a shift in power after Democrats captured control of both chambers of Congress in the 2026 midterms.

How outlets are covering it

Semafor reported that Hassett was expected to depart, citing three people familiar with his plans, while The Hill and CNBC focused on his explicit denial of those claims. Semafor noted that the move was not tied to the Republican midterm losses, whereas The Hill and CNBC emphasized the broader context of post-election departures, including the exit of Chief of Staff Susie Wiles and multiple Justice Department officials. The White House firmly rejected the narrative, asserting that Hassett remains a key member of the economic team.

Why it matters

Hassett is a prominent voice defending the administration's economic policies, including tariffs and the 'One Big Beautiful Bill Act.' His departure or retention signals the stability of the White House's economic strategy as the administration adjusts to a Democratic-controlled Congress and faces scrutiny over its handling of economic fallout and trade deals.

What to watch

The White House will likely continue to monitor staffing levels as the year closes, with potential further changes expected. If Hassett does depart, Treasury Secretary Scott Bessent or counselor David Zervos may be considered for the role, though no official announcement has been made. The administration will also focus on advancing economic policies despite the new congressional landscape.