Kevin Hassett

The National Economic Council (NEC) Director Kevin Hassett downplayed the growing concerns about the U.S. economy amid rising gas prices and inflation due to the ongoing Iran war, and urged Americans to look at the larger picture. Speaking on ABC's "This Week" on Sunday, Hassett...

Governor Gavin Newsom (D-CA) on Wednesday slammed the President Donald Trump administration for hailing high gas prices in the U.S. following White House Chief Economist Kevin Hassett‘s comments about surging credit card spending. Bragging About Gas Prices “The Trump Administration is...

Sen. Bernie Sanders (I-Vt.) said Wednesday that President Donald Trump's chief economist was "right" that credit card spending is "through the roof," but argued the remark shows Americans are leaning on debt to cover higher prices, not enjoying a stronger economy. Sanders Says Debt Masks Economic...

Kevin Hassett, the Director of the White House National Economic Council, addressed the fallout from Spirit Airlines' (OTC:FLYYQ) collapse, weighing on how the Iran conflict and surging fuel costs could pressure airline profits. Hassett stated that the energy shocks from the...

The week brought a series of significant developments, including a potential shift in the Fed’s interest rate policy, a controversial statement from a top White House advisor, and a historic slump in the gold market. Here’s a quick overview of the stories that made headlines. Trump...

The national debt hit a record $39 trillion this week, which comes as spending on defense ramps up after an attack on Iran and heightened tension in the Middle East. Here's a look at when the country could hit the next milestone of $40 trillion. National Debt Climbs to $39 Trillion After hitting...

The White House’s top economic adviser admitted on Tuesday that the financial toll on American consumers from the U.S.-Israeli war with Iran would “hurt consumers” — then immediately waved it off. “That’s, like, really the last of our concerns right now,”...

A senior White House official said the Pentagon expects the U.S. conflict with Iran to last several more weeks, as the administration asks Americans to brace for higher energy prices during the ongoing military campaign. Pentagon Estimates 4–6 Week Iran War Timeline On Sunday, Kevin Hassett,...

National Economic Council Director Kevin Hassett said on Sunday that the Trump administration does not currently need more money from Congress for the war in Iran, even as the operation's cost has already climbed into the billions. Hassett Says Current Funds Are Enough Asked on CBS' "Face the...

President Donald Trump, during an appearance at the premiere for the film "Melania," on Thursday, said that he will name his pick for the Federal Reserve Chair on Friday. Trump To Announce Fed Chair Pick On Friday "I'll be announcing the Fed chair tomorrow morning," Trump said, according to a...

President Donald Trump renewed his criticism of the Federal Reserve and Chair Jerome Powell for keeping interest rates high, while adding that rates will decline significantly under the next Chair. Rates Will Come Down ‘A Lot’ During a speech in Iowa on Tuesday, Trump slammed Powell yet...

President Donald Trump has voiced his opposition to the proposal of using 401(k) retirement funds for home purchases, despite the suggestion coming from his chief economic adviser, Kevin Hassett. Speaking to reporters on his Air Force One on Thursday, Trump said, “I’m not a huge fan....

President Donald Trump has suggested that the proposed $2,000 tariff “dividend” checks for Americans can be implemented without the need for Congressional approval. Trump Outlines Income Limit for Checks Trump made this statement in response to a reporter’s...

As the week comes to an end, let’s take a look at some of the most significant stories that made headlines. From the Supreme Court’s potential tariff ruling in favor of Costco Wholesale Corp. (NASDAQ:COST) to Jamie Dimon’s future political aspirations, here’s a quick round-...

Banking giant JPMorgan Chase & Co.’s (NYSE:JPM) CEO, Jamie Dimon, firmly ruled out any possibility of leading the Federal Reserve in the near future, but is open to serving as the Secretary of the Treasury, if asked by the President. Dimon Might Consider Treasury Secretary Role Dimon said...