Kevin Hassett

The Federal Reserve is under fire from the Trump administration over a controversial renovation project at its Washington headquarters, which has soared past its original $2.5 billion estimate. In response, Fed Chair Jerome Powell ordered a review of the project amid growing political backlash and...

The Trump administration has expressed its readiness to contemplate alterations to the Medicare program, contingent on the Senate’s discovery of any fraudulent activities or misuse. What Happened: White House National Economic Council director Kevin Hassett clarified the administration’...

A new rift is emerging inside the Republican Party over how to tackle the looming expiration of the 2017 tax cuts. Rep. Thomas Massie (R-Ky.) is pushing back against the administration’s claims regarding the tax cuts and the “One Big, Beautiful Bill.” What Happened: On Saturday,...

Former Treasury Secretary Larry Summers is sounding the alarm on America's fiscal trajectory, placing the blame squarely on President Donald Trump and the GOP’s “One Big, Beautiful Bill.” What Happened: During his appearance on the Politics War Room podcast on Thursday, Summers...

White House economic advisor Kevin Hassett claims that the U.S. economy narrowly avoided a recession thanks to the GOP-backed tax bill. What Happened: Hassett says that had the “One Big, Beautiful Bill” not passed in the House, “it would have been the biggest tax hike in American...

Jim Cramer took a jibe at President Donald Trump in premarket on Tuesday as the stock futures rose amid the President’s criticism of Federal Reserve Chairman Jerome Powell for not cutting interest rates. What Happened: Cramer, in an X post, highlighted that investors “would actually buy...

National Economic Council (NEC) Director Kevin Hassett anticipates the GOP tax bill will be approved by Congress by the start of summer. What Happened: Hassett informed journalists at the White House of his expectations for the tax bill. He stated, “The hope is that the tax bill will be...

Fundstart’s Tom Lee has urged Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to expedite trade deals for a positive “policy shock” to the stock markets. What Happened: Lee reshared an X post by Charles Gasparino and said, “White House needs to put...

In the midst of a broad tariff agenda that has caused turmoil in financial markets, President Donald Trump is relying on a diverse group of economic advisers to guide his policies. What Happened: The team comprises of Treasury Secretary Scott Bessent, Senior Trade Adviser Peter Navarro,...

On Friday, White House National Economic Council chair Kevin Hassett said the Donald Trump administration is exploring ways to remove Federal Reserve Chairman Jerome Powell. What Happened: Hassett told reporters at the White House that the “President and his team will continue to study,...

Hopes that President Donald Trump could delay the sweeping reciprocal tariffs his administration announced last week appears to be the driving force behind the wild volatility in markets Monday morning. What To Know: Trump announced aggressive tariffs on numerous countries last week, raising...

Senior White House officials state that over 50 countries that were targets of reciprocal tariffs by the United States have since reached out to begin negotiations on the high import tariffs that have sent global markets spiraling over the past week. What Happened: Director of the White House...

White House aides have reportedly drafted a proposal to impose sweeping tariffs of about 20% on "at least most imports" as part of President Donald Trump's transformative trade strategy.  The Details: According to Washington Post, three people familiar with the matter said White House aides...

President Donald Trump is preparing to announce his most expansive tariff plan to date, set to take effect on April 2 — a date he has dubbed “Liberation Day.” While specifics remain unclear, he has said the plan will impose “reciprocal tariffs” on countries deemed to have...

Investors have reacted poorly to President Donald Trump‘s tariff plans as markets price in inflation and the SPDR S&P 500 ETF Trust (NYSE:SPY) briefly entered correction territory on March 13. National Economic Council Director Kevin Hassett defended Trump’s tariff decisions in an...