trending Market Intelligence /marketintelligence/en/news-insights/trending/5v99J5mXdZ02KV8NNJxAng2 content esgSubNav
In This List

US chief economic adviser Hassett to quit soon, says Trump

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022


US chief economic adviser Hassett to quit soon, says Trump

U.S. President Donald Trump said in a June 2 tweet that Kevin Hassett, chairman of the White House Council of Economic Advisers, is due to leave his role soon.

Trump, who was preparing to leave for a state visit to the U.K., said Hassett's replacement will be named after Trump's return to the U.S.

Hassett previously worked for the American Enterprise Institute, a nonpartisan public policy research institution, and for the Federal Reserve System's board of governors, along with holding various academic positions. He has served as chairman of the council since September 2017.

During a press briefing in March, Hassett said a recession in the U.S. is unlikely but should not be ruled out, while underscoring other economic uncertainties such as Brexit.

The Council of Economic Advisers is an agency that provides the president with research and advice on domestic and international economic policies, according to the White House website.