All articles tagged with #kevin hassett
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.
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.
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.
White House economic adviser Kevin Hassett criticized a Federal Reserve Bank of New York study that found U.S. companies bear most of the costs of tariffs, calling the research an embarrassment and urging the central bank to punish the researchers behind it.
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.
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.
Kevin Warsh has become the leading candidate in prediction markets to be the next Fed chair, surpassing Kevin Hassett amid internal doubts within Trump's circle about Hassett's closeness to the president, with recent market shifts reflecting increased uncertainty in the nomination process.
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.
Bond investors have issued a warning to the US Treasury regarding the potential appointment of Kevin Hassett as the Federal Reserve Chair, citing concerns over financial stability and market impact.
Kevin Hassett, a prominent economist and former Trump advisor, is a leading candidate to replace Jerome Powell as Fed chair, with support from Trump and prediction markets, but faces criticism for perceived political bias and willingness to align with Trump's policies, raising concerns about the Fed's independence and market stability.
There is a high likelihood that President Trump will appoint Kevin Hassett as the next Federal Reserve chair, which would align the Fed more closely with White House interests and potentially lead to lower interest rates, reflecting Trump's influence on monetary policy.
President Trump announced he has chosen a nominee for the next Federal Reserve chair, but did not confirm if Kevin Hassett is the pick, amid ongoing discussions about replacing current Chair Jerome Powell.
President Trump announced he has chosen his next Federal Reserve chairman, with Kevin Hassett being the leading candidate according to betting markets, amid ongoing discussions about interest rate policies and potential changes at the Fed.
U.S. fourth-quarter GDP could turn negative if the federal government shutdown continues, with travel disruptions during Thanksgiving potentially impacting economic growth, according to White House economic adviser Kevin Hassett.
White House economic adviser Kevin Hassett warned that a prolonged government shutdown could lead to a negative economic quarter, with potential disruptions to military pay and SNAP benefits.