All articles tagged with #national economic council
President-elect Donald Trump has appointed Kevin Hassett as the director of the White House National Economic Council. Hassett, a conservative economist, previously served as chairman of the White House Council of Economic Advisers during Trump's first term and advised him during the 2024 presidential campaign. He is affiliated with the Hoover Institution and the American Enterprise Institute, both right-leaning think tanks.
President Trump has appointed Kevin Hassett to lead the National Economic Council, a key advisory body on economic policy within the White House.
Donald Trump has appointed Kevin Hassett to lead the National Economic Council, placing him at the forefront of policy-making on trade, taxes, and deregulation. Hassett, who previously chaired the Council of Economic Advisers under Trump, supported corporate tax cuts and tariffs. Trump also named Jamieson Greer as U.S. Trade Representative and plans to increase tariffs on Chinese, Mexican, and Canadian goods. This move is part of Trump's efforts to finalize his economic team ahead of his upcoming inauguration.
A top Biden economic adviser, Lael Brainard, has called for grocery chains to reduce their profit margins as the administration continues to address elevated prices, with inflation remaining a concern for voters. Brainard emphasized the significance of grocery prices to consumers and highlighted the administration's focus on addressing the issue as the presidential election approaches.
Lael Brainard, director of the White House National Economic Council, said that American business leaders have concerns that Congress may fail to prevent default, which would lead to catastrophic consequences. However, Brainard believes that Congress has the tools to prevent the US from defaulting on its debt and that the ongoing conversations are budgetary in nature. The debt ceiling, which is currently around $31.4 trillion, is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public.