Kevin Hasset

Person

An economist and a leading candidate being interviewed by President Trump for the position of Fed Chair.


First Mentioned

12/23/2025, 5:44:58 AM

Last Updated

12/23/2025, 5:47:26 AM

Research Retrieved

12/23/2025, 5:47:26 AM

Summary

Kevin Hassett is a prominent American conservative economist who has served in high-level economic advisory roles within the Trump Administration. As of early 2025, he serves as the Director of the National Economic Council (NEC), having previously chaired the Council of Economic Advisers from 2017 to 2019. In late 2025, Hassett was identified by Treasury Secretary Scott Bessent as a leading candidate to succeed Jerome Powell as the Chair of the Federal Reserve. Hassett is noted for favoring a less interventionist monetary policy, similar to the approach of Alan Greenspan, and has publicly asserted that he would maintain the Federal Reserve's independence from presidential influence regarding interest rate decisions if appointed.

Referenced in 1 Document
Research Data
Extracted Attributes
  • Education

    B.A. from Swarthmore College; M.A. and Ph.D. in Economics from University of Pennsylvania

  • Full Name

    Kevin Allen Hassett

  • Current Role

    Director of the National Economic Council (since 2025)

  • Date of Birth

    1962-03-20

  • Place of Birth

    Greenfield, Massachusetts, U.S.

  • Discrepancy Note

    Wikipedia lists birth year as 1962, while Britannica lists 1963.

  • Political Affiliation

    Republican

Timeline
  • Began tenure as an assistant professor of economics at Columbia Business School. (Source: Wikipedia)

    1989-01-01

  • Joined the Division of Research and Statistics at the Federal Reserve Board of Governors as an economist. (Source: Wikipedia)

    1992-01-01

  • Assumed office as the 29th Chairman of the Council of Economic Advisers under President Donald Trump. (Source: Wikipedia)

    2017-09-13

  • Stepped down as Chairman of the Council of Economic Advisers. (Source: Wikipedia)

    2019-06-28

  • Became the Brent R. Nicklas Distinguished Fellow in Economics at the Hoover Institution. (Source: Hoover Institution Profile)

    2019-07-01

  • Appointed as the Director of the National Economic Council. (Source: Wikipedia)

    2025-01-01

  • Publicly stated on 'Face the Nation' that President Trump's voice would have 'no weight' in interest rate decisions if Hassett were chosen as Fed chair. (Source: Web Search (YouTube/Face the Nation))

    2025-12-14

Liberation Day tariffs

The Liberation Day tariffs are a broad package of import duties announced by U.S. president Donald Trump on April 2, 2025—a date he called Liberation Day. In a White House Rose Garden ceremony, Trump signed Executive Order 14257, Regulating Imports With a Reciprocal Tariff to Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits. This order declared a national emergency over the United States' trade deficit and invoked the International Emergency Economic Powers Act (IEEPA) to authorize sweeping tariffs on foreign imports. Executive Order 14257 imposed a 10% baseline tariff on imports from nearly all countries beginning April 5, with country-specific tariff rates scheduled to begin April 9. The Trump administration called these measures "reciprocal", asserting they mirrored and counteracted trade barriers faced by U.S. exports. Trade analysts rejected this characterization, noting that the tariffs often exceeded those imposed by foreign countries and included countries with which the U.S. had a trade surplus. Economists argued that the formula used to calculate the "reciprocal" tariffs was overly simplistic with little relation to trade barriers. The Liberation Day tariffs announcement led to a global market crash. In response, the White House suspended the April 9 tariff increases to allow time for negotiation. By July 31, Trump had announced deals with just 8 trading partners: the UK, Vietnam, the Philippines, Indonesia, Japan, South Korea, the EU, and a truce expiring August 12 with China. He ordered country-specific "reciprocal" tariffs to resume on August 7, 2025. On May 28, 2025, the United States Court of International Trade ruled in a lawsuit that Trump had overstepped his authority in imposing tariffs under the IEEPA and ordered that the Liberation Day tariffs be vacated. The United States Court of Appeals for the Federal Circuit issued a stay while it considered the administration's appeal, allowing the tariffs to remain in effect. Oral arguments were scheduled for July 31, 2025. On August 29, the Federal Circuit Court of Appeals ruled that Trump had exceeded his authority under the IEEPA, but stayed its decision to give the administration time to appeal to the U.S. Supreme Court. In addition to the tariffs, Trump signed Executive Order 14256 (Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China as Applied to Low-Value Imports) which closed the de minimis exemption for imports from China.

Web Search Results
  • Kevin Hassett

    Kevin Allen Hassett (born March 20, 1962) is an American economist who has been the director of the National Economic Council "National Economic Council (United States)") since 2025. He was the senior advisor and chairman of the Council of Economic Advisers from 2017 to 2019. [...] Hassett was an assistant professor of economics at Columbia Business School from 1989 to 1993 and an associate professor there from 1993 to 1994. From 1992 to 1997, Hassett was an economist in the Division of Research and Statistics at the Federal Reserve Board of Governors. He served as a policy consultant to the United States Treasury Department during the George H. W. Bush and Bill Clinton administrations. ### American Enterprise Institute [edit] [...] | In office September 13, 2017 – June 28, 2019 | | President | Donald Trump | | Preceded by | Jason Furman | | Succeeded by | Tomas J. Philipson (Acting) | | | | Personal details | | Born | Kevin Allen Hassett (1962-03-20) March 20, 1962 (age 63) Greenfield, Massachusetts, U.S. | | Party | Republican "Republican Party (United States)") | | Spouse | Kristie | | Children | 2 | | Education | Swarthmore College (BA) University of Pennsylvania (MA, PhD) |

  • Kevin Hassett | Conservative Economist & National ...

    Kevin Allen Hassett is a leading conservative economist who has advised prominent Republican politicians and policymakers for much of the early 21st century. He held senior economic roles in both administrations of U.S. President Donald Trump, and in late 2025 was considered a front-runner to succeed Jerome Powell as chair of the Board of Governors of the Federal Reserve System. ## Early life and education ## Kevin Hassett: At a glance [...] economicsMilton FriedmanLawrence Summers Open full sized image Kevin Hassett is widely viewed as Donald Trump's preferred choice to succeed Jerome Powell as Federal Reserve chair. © Anna Moneymaker/Getty Images News • Fed chair contender Christopher Waller says weak jobs data supports more rate cuts • (Fortune) [...] Hassett was born March 20, 1963, and raised in Greenfield, Massachusetts, graduating from Greenfield High School. He received a Bachelor of Arts degree in economics from Swarthmore College in Pennsylvania, and completed his Ph.D. in economics at the University of Pennsylvania. ## Academic career and entry into politics

  • Kevin Hassett - Hoover Institution

    Kevin Hassett was the Brent R. Nicklas Distinguished Fellow in Economics at the Hoover Institution from 2019 to January 2025. In early 2025 he was appointed Director of the National Economic Council. Previously he was the senior advisor and chairman of the Council of Economic Advisers from 2017 to 2019. [...] Prior to his White House service, Hassett was an economist at the American Enterprise Institute. He also served as a senior economist at the Board of Governors of the Federal Reserve System. His academic background includes being an associate professor of economics and finance at Columbia University’s Graduate School of Business, as well as a visiting professor at New York University’s Law School. He has also been a consultant to the U.S. Treasury Department, and an advisor to various

  • TPC Presents Distinguished Speaker Kevin Hassett

    #LiveAtUrban TPC Presents Distinguished Speaker Kevin Hassett Speaker Biographies Kevin Hassett is the 29th chairman of the Council of Economic Advisers. Before becoming chairman, he was an economist at the American Enterprise Institute (AEI), where his most recent positions include the James Q. Wilson chair in American culture and politics and director of research for domestic policy. He was also director of economic policy studies and resident scholar from 2003 through 2014. Before joining [...] AEI, Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at the Columbia Business School. He has also been a visiting professor at the New York University School of Law, a consultant to the US Treasury, and an adviser to presidential campaigns. A noted expert in public finance, Hassett has authored peer-reviewed articles in leading economics journals and has been a columnist in leading media outlets. He [...] received his bachelor’s degree from Swarthmore College and his doctorate degree in economics from the University of Pennsylvania. Scott A. Hodge is president of the Tax Foundation in Washington, DC, and is recognized as one of Washington’s leading experts on tax policy, the federal budget, and government spending. During his tenure, the Tax Foundation has become one of the most influential organizations on tax policy in Washington and in state capitals. He led the development of the Tax

  • Hassett says Trump's voice "would have no weight" in interest rate ...

    # Hassett says Trump's voice "would have no weight" in interest rate decisions if he is Fed chair ## Face the Nation 719000 subscribers 127 likes ### Description 84061 views Posted: 14 Dec 2025 White House National Economic Council Director Kevin Hassett, who is on the shortlist of President Trump's picks to take over as Fed chair, told "Face the Nation with Margaret Brennan" that Mr. Trump's voice "would have no weight" in interest rate decisions if he is chosen.