The appointment of Kevin Hassett as director of the National Economic Council reflects the continuity of the Trump administration’s economic vision, focused on tax reform, trade and control of public spending.
The president-elect of the United States, Donald Trump, selected Kevin Hassett as director of the National Economic Council (NEC). Hassett, a conservative economist, will be responsible for leading the incoming administration’s economic policy, with an emphasis on tax reforms, international trade and public spending.
Hassett already played a key role during Trump’s first term, leading the Council of Economic Advisers, where he supported the president’s tax policies and promoted key tariff proposals. This new position, which does not require Senate confirmation, is still pending an official declaration, as reported by Bloomberg.
“President-elect Trump is making strategic decisions to build his team at an impressive pace,” said transition team spokesperson Karoline Leavitt. Leavitt also announced that the remaining appointments will be announced shortly. So far, Hassett has not made any statements about his new appointment.
Should he assume leadership of the NEC, Hassett will work closely with Scott Bessent, Trump’s nominee as Treasury Secretary, to implement the administration’s economic agenda. His task will include coordinating economic policies from the White House, as well as managing potential internal and external challenges arising from Trump’s often ambitious and contradictory proposals.
The National Economic Council, created by Bill Clinton in 1993, aims to centralize economic strategy in the White House and has played a key role in economic policymaking in recent years. In this context, Hassett will be responsible for implementing Trump’s campaign promises, including deep tax reform and measures to redefine US foreign trade.
What does the appointment mean?
Most recently, Hassett was a visiting fellow at The Lindsey Group and a distinguished fellow at the Hoover Institution. From 2017 to 2019, he served as Chairman of the White House Council of Economic Advisers, and previously was director of research at the American Enterprise Institute and senior economist at the Federal Reserve.
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Hassett also co-authored two major research papers for the EIG: “Unlocking Private Capital to Facilitate Economic Growth in Impacted Areas,” which outlined the concept that would become the Opportunity Zones tax incentive, and “What What Would Happen If Low-Income Workers in the United States Had Access to Wealth Accumulation Vehicles Like the Federal Employees Savings Plan?”, which proposed a new program to help low-income workers build wealth and security in their retirement.
About Economic Innovation Group (EIG)
The Economic Innovation Group (EIG) is a bipartisan public policy organization dedicated to building a more dynamic and inclusive American economy. Headquartered in Washington, DC, the EIG produces nationally recognized research and works with policymakers to develop ideas that empower workers, entrepreneurs, and communities.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
