Kevin Hassett

Kevin Hassett is the Director of the National Economic Council and a top economic advisor to President Donald Trump. He is currently newsworthy due to several factors. Firstly, Trump has expressed a desire to keep Hassett in the White House, which complicates the selection process for the next Federal Reserve chair. Secondly, Hassett has commented on the Justice Department's investigation into Federal Reserve Chair Jerome Powell, stating he expects there is "nothing to see here." This investigation, along with Trump's potential nomination of Hassett, has raised concerns about the independence of the Fed. Finally, Hassett is considered a leading candidate to become the next chair of the Federal Reserve amidst a cooling labor market and rising unemployment, making his potential role even more significant.