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KEVIN HASSETT


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Trumpโ€™s new tariffs go into effect as US economy shows signs of strain

Read full article: Trumpโ€™s new tariffs go into effect as US economy shows signs of strain

Global financial markets are reacting to President Donald Trump's tariff adjustments.

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Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

Read full article: Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

President Donald Trump has narrowed down his list of potential candidates to lead the Federal Reserve to four people.

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The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and others

Read full article: The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and others

The House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.

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In rejecting the jobs report, Trump follows his own playbook of discrediting unfavorable data

Read full article: In rejecting the jobs report, Trump follows his own playbook of discrediting unfavorable data

President Donald Trump has a pattern of dismissing or altering data that reflects poorly on him.

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Trump says he doesn't trust the jobs data, but Wall Street and economists do

Read full article: Trump says he doesn't trust the jobs data, but Wall Street and economists do

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it.

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The Latest: Supreme Court will allow Trumpโ€™s plans to downsize the federal workforce to go ahead

Read full article: The Latest: Supreme Court will allow Trumpโ€™s plans to downsize the federal workforce to go ahead

The Supreme Court has cleared the way for President Donald Trumpโ€™s plans to downsize the federal workforce despite warnings from experts that vital government services will be lost and hundreds of thousands of federal employees will be out of their jobs.

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The Latest: Trump meets with Netanyahu for private dinner at the White House

Read full article: The Latest: Trump meets with Netanyahu for private dinner at the White House

U.S. President Donald Trump held a private dinner with Israeli Prime Minister Benjamin Netanyahu as families of hostages held in Gaza push for any ceasefire agreement to include the release of all remaining hostages.

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Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks

Read full article: Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks

The United States is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline when a tariff pause by President Donald Trump expires.

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Japanese manufacturers are slightly more optimistic despite Trump tariff worries

Read full article: Japanese manufacturers are slightly more optimistic despite Trump tariff worries

Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japanโ€™s central bank, despite persisting worries over President Donald Trumpโ€™s tariffs.

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The Latest: Senate votes on amendments to Trumpโ€™s big bill ahead of July 4 deadline

Read full article: The Latest: Senate votes on amendments to Trumpโ€™s big bill ahead of July 4 deadline

Possible changes to President Donald Trumpโ€™s big bill of tax breaks and spending cuts are being considered, though most of the amendments are expected to fail.

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Trump's big plans on trade and more run up against laws of political gravity, separation of powers

Read full article: Trump's big plans on trade and more run up against laws of political gravity, separation of powers

President Donald Trumpโ€™s big plans on trade, deportations and more are running up against the laws of political gravity and the separation of powers.

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The Latest: Both the US and El Salvador refuse to return wrongly deported man to the US

Read full article: The Latest: Both the US and El Salvador refuse to return wrongly deported man to the US

President Donald Trumpโ€™s top advisers and Nayib Bukele, the president of El Salvador, said Monday that they had no basis for the small Central American nation to return Kilmar Abrego Garcia, a Maryland man who was wrongly deported there last month.

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Trump team tries to project confidence and calm after his tariff moves rattled markets

Read full article: Trump team tries to project confidence and calm after his tariff moves rattled markets

White House advisers and Cabinet members are trying to project confidence and calm as they defend President Donald Trumpโ€™s economic policies after another week of reeling markets that saw the Republican administration reverse course on some of its steepest tariffs.

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The Latest: Trump administration offers no details on mistakenly deported man after court ruling

Read full article: The Latest: Trump administration offers no details on mistakenly deported man after court ruling

A federal judge lambasted a government lawyer who couldnโ€™t explain what, if anything, President Donald Trumpโ€™s administration has done to arrange for the return of a Maryland man who was mistakenly deported last month to a notorious prison in El Salvador.

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Trump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers

Read full article: Trump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers

President Donald Trumpโ€™s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months.

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Where things stand for Trump in global tariff battle

Read full article: Where things stand for Trump in global tariff battle

In the aftermath of Wednesdayโ€™s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.

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Billionaires, trusted allies, media personalities. These are the people Trump picked for top roles

Read full article: Billionaires, trusted allies, media personalities. These are the people Trump picked for top roles

President Donald Trump has prioritized loyalty in building his second-term team.

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White House keeps world guessing as clock ticks down to Trump's new tariffs

Read full article: White House keeps world guessing as clock ticks down to Trump's new tariffs

The White House is sending mixed messages on tariffs as it pursues conflicting goals, frustrating foreign leaders and business executives who are desperate for clarity on a generational overhaul of international trade.

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Bogus report on tariff pause briefly lifted markets before White House denied it

Read full article: Bogus report on tariff pause briefly lifted markets before White House denied it

A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports.

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Trump says he's not backing down on tariffs, calls them 'medicine' as markets reel

Read full article: Trump says he's not backing down on tariffs, calls them 'medicine' as markets reel

President Donald Trump says he wonโ€™t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S. He's digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system.

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The Latest: Trump places 25% tariffs on auto imports

Read full article: The Latest: Trump places 25% tariffs on auto imports

President Donald Trump says he is placing 25% tariffs on auto imports.

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Japan's trade minister fails to win US assurance on tariff exemptions

Read full article: Japan's trade minister fails to win US assurance on tariff exemptions

Japan's trade minister says he has not gotten assurances from U.S. officials that the key U.S. ally will be exempt from higher tariffs, some of which effect on Wednesday.

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US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

Read full article: US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

President Donald Trump's flurry of tariffs, government layoffs and spending freezes may be doing more to harm the U.S. economy than to fix it.

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Trump weighs new sanctions on Russia, days after pausing military aid and intel sharing with Ukraine

Read full article: Trump weighs new sanctions on Russia, days after pausing military aid and intel sharing with Ukraine

President Donald Trump says he is โ€œstrongly consideringโ€ levying new sanctions and tariffs on Russia for its war against Ukraine.

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Experienced workers, not just rookies, get cut as Trump slashes probationary employees

Read full article: Experienced workers, not just rookies, get cut as Trump slashes probationary employees

President Donald Trump has been cutting probationary employees as part of his effort to downsize the federal workforce.

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Could Trump really return DOGE savings to taxpayers?

Read full article: Could Trump really return DOGE savings to taxpayers?

An idea first proposed on social media has bubbled up to the White House and received President Donald Trumpโ€™s enthusiastic endorsement: Take some of the savings from billionaire Elon Muskโ€™s drive to cut government spending and return it to taxpayers.

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As egg prices soar, Trump administration plans new strategy to fight bird flu

Read full article: As egg prices soar, Trump administration plans new strategy to fight bird flu

With egg prices soaring, the Trump administration is planning a new strategy for fighting bird flu that stresses vaccinations and tighter biosecurity instead of killing off millions of chickens when the disease strikes a flock.

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Trump's tariff threat worked on Colombia, but his plans for Canada and Mexico carry higher stakes

Read full article: Trump's tariff threat worked on Colombia, but his plans for Canada and Mexico carry higher stakes

President Donald Trump has already forced Colombia to accept deportees by threatening tariffs and is readying the same move against Canada and Mexico as soon as Saturday.

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Trump fills out his economic team with two veterans of his first administration

Read full article: Trump fills out his economic team with two veterans of his first administration

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team.

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โ€˜Great resignationโ€™ reaches White House with staff turnover

Read full article: โ€˜Great resignationโ€™ reaches White House with staff turnover

Not even the White House is immune from the economic trend that's been called the "great resignationโ€ as employers struggle to fill vacancies and workers jump to new jobs at record rates.

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Unemployment rate could be โ€˜north of 20%โ€™ in May with possible double-digits in November, Hassett says

Read full article: Unemployment rate could be โ€˜north of 20%โ€™ in May with possible double-digits in November, Hassett says

"My expectation is that since there's still initial claims for unemployment insurance in May, that the unemployment rate will be higher in June than in May, but then after that it should start to trend down," Hassett said. Asked by Bash if "it's possible that unemployment will be in double digits in November," Hassett replied: "Yes, I do. A dismal unemployment rate could negatively impact Trump's reelection prospects, as he's made the strong employment numbers that have existed for most of his presidency a key talking point during rallies and interviews. The comments from Hassett come two days after he told CNN that he thinks the unemployment rate, which hit 14.7% in April, may rise to 22% to 23% by May and edge up a bit in June before heading lower. โ€œThis was the biggest negative shock ever, but we also had the biggest policy response ever,โ€ Hassett said.

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