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.