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Kevin Hassett

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Face the Nation May 24 lineup: Hassett, Van Hollen, Birx, a bipartisan panel, and Medal of Honor recipients
politics5 days ago

Face the Nation May 24 lineup: Hassett, Van Hollen, Birx, a bipartisan panel, and Medal of Honor recipients

CBS News' Face the Nation with Margaret Brennan for May 24 features White House National Economic Council Director Kevin Hassett, Democratic Sen. Chris Van Hollen, former White House Coronavirus Task Force Coordinator Dr. Deborah Birx, a bipartisan panel of Rep. Mike Lawler and Rep. Josh Gottheimer, and Medal of Honor recipients Lt. Col. William Swenson and Sgt. Maj. Matthew Williams, moderated by Nancy Cordes. The program airs at 10:30 a.m. ET on CBS News and streams at 12:30 p.m. ET on Paramount+ and CBSNews.com on Sundays.

via CBS News|
#chris-van-hollen#deborah-birx#face-the-nation
Newsom Blasts Trump Admin for Celebrating High Gas Prices After Hassett Remark
politics20 days ago

Newsom Blasts Trump Admin for Celebrating High Gas Prices After Hassett Remark

California Gov. Gavin Newsom accused the Trump administration of “celebrating” Americans paying more for gas after Chief Economist Kevin Hassett suggested rising credit-card spending, citing AAA data that the national average is about $4.54 per gallon and California averages around $6 per gallon (with some areas higher). The rhetoric drew in critics like Bernie Sanders and Elizabeth Warren, who argued that higher spending benefits banks and harms working people.

via Yahoo|
#bernie-sanders#gas-prices#gavin-newsom
Trump adviser condemns tariff study, calls for discipline of Fed economists
business3 months ago

Trump adviser condemns tariff study, calls for discipline of Fed economists

National Economic Council director Kevin Hassett slammed a New York Fed tariff study as an embarrassment and urged those behind it to be disciplined, arguing the paper misstates who bears tariff costs as US firms and shoppers shoulder most of the burden; the clash comes as tariff litigation goes to the Supreme Court and the Fed debates how to respond to inflation amid rate policy uncertainties.

via BBC|
#business#economics#federal-reserve
Hassett ridicules NY Fed tariffs study as flawed and partisan
business3 months ago

Hassett ridicules NY Fed tariffs study as flawed and partisan

National Economic Council Director Kevin Hassett slammed a New York Fed study claiming roughly 90% of Trump’s tariffs are paid by American consumers and businesses, calling the paper “the worst” Fed research and arguing its analysis seats an incomplete picture by focusing on price effects while ignoring import-volume changes and supply-chain shifts. The article notes the NY Fed team measured tariff burdens by average duty relative to imports and that Hassett’s critique comes amid broader political tension around Fed independence and leadership, including Trump’s nomination of former Fed governor Warsh for the chair role.

via CNN|
#business#federal-reserve#kevin-hassett
Trump Adviser Calls NY Fed Tariff Study Embarrassing, Urges Authors Be Disciplined
business3 months ago

Trump Adviser Calls NY Fed Tariff Study Embarrassing, Urges Authors Be Disciplined

Trump economic adviser Kevin Hassett called a New York Fed tariff study "embarrassing" and urged the authors be disciplined after the research found U.S. importers bore about 90% of tariff costs, a result that contradicts the White House narrative; some economists say the findings align with standard analysis, while the NY Fed remains independent.

via Axios|
#business#importers#kevin-hassett
Trump hints Hassett could stay put, upending the Fed chair race
business4 months ago

Trump hints Hassett could stay put, upending the Fed chair race

President Donald Trump suggested Kevin Hassett could remain as head of the National Economic Council, injecting uncertainty into the race to succeed Fed Chair Jerome Powell. Analysts say Warsh could gain momentum, with other candidates still in play, while political and legal developments—like a DOJ probe related to the Fed building—could affect Senate confirmations.

via The Washington Post|
#business#federal-reserve-system#jerome-powell
politics5 months ago

Market Uncertainty as Fed Chair Selection Nears

Some officials in the Trump administration are privately questioning Kevin Hassett's suitability for the Fed chair position, citing his limited influence on policy and leadership style, despite his extensive credentials and support from some allies. The decision remains uncertain as Trump considers other candidates amid economic challenges and debates over the Fed's direction.

via Politico|
#central-bank#economic-policy#fed-chair
Hassett: Trump’s Influence Would Be Marginal if Appointed Fed Chair
business5 months ago

Hassett: Trump’s Influence Would Be Marginal if Appointed Fed Chair

Kevin Hassett, a top contender for Fed chair, emphasized the Fed's independence and stated that President Trump’s opinions would have no weight in setting interest rates, despite Trump’s desire for influence. Hassett expressed willingness to discuss with Trump regularly but clarified that the final decision rests with the FOMC, which votes collectively. The nomination process remains open, with other candidates like Kevin Warsh also in consideration.

via Fortune|
#business#fed-chair#fomc