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Kevin Hassett

Kevin Hassett
The latest news and top stories on Kevin Hassett. An American economist, he currently serves as Director of the National Economic Council, a role he assumed in January 2025. Previously, he was the 29th Chair of the Council of Economic Advisers from 2017 to 2019 and a Senior Advisor during the COVID-19 pandemic. Hassett is known for his expertise in tax policy, business investment and trade, having authored numerous papers. He has also advised multiple presidential campaigns and is a leading contender for the Federal Reserve chair in 2026.
A pedestrian walks past a “Now Hiring” sign posted in front of a business in Los Angeles in August 2025. Photo: AFP
United States

US job market defies Trump policy fears with January growth

US job growth exceeded expectations in January, while unemployment dropped to 4.3 per cent, despite concerns over Trump’s policies.

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United States

Trump picks former Federal Reserve official Kevin Warsh to chair US central bank

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US Federal Reserve

Before Trump’s Fed pick, a new clear favourite emerges for chair

United States

Trump’s freewheeling Davos speech stirs unease among global audience

Harsh rhetoric from the US leader at forum combined threats towards allies with praise for traditional adversaries during a 70-minute talk.

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US President Donald Trump walks with the president and CEO of the World Economic Forum, Borge Brende, during World Economic Forum, in Davos, Switzerland, on Wednesday. Photo: Reuters
Greenland

Europe prepares retaliation over Trump’s Greenland ultimatum

Eight European countries consider US$108 billion retaliation and ‘anti-coercion’ tools after Trump vows tariffs on Europe over Arctic island.

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US Federal Reserve

Trump says preferred Fed pick is ready, again teases firing Powell

US president urges Jerome Powell to resign as he considers a ‘gross incompetence’ lawsuit against the Fed leader.

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Venezuela

US pursues third oil tanker as Trump’s Venezuela ‘blockade’ intensifies

US Coast Guard shadows a sanctioned ‘dark fleet’ supertanker as Washington moves to choke off Venezuela’s oil revenue.

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A US military helicopter flies over the Panama-flagged Centuries, which was intercepted by the US Coast Guard on Saturday. On Sunday, officials said the US was pursuing a third tanker in waters off Venezuela. Photo: DHS via Reuters
United States

US Fed delivers quarter-point rate cut as policymakers weigh inflation outlook

Move falls short of Trump’s demands as debate over Fed independence intensifies and markets brace for global spillover effects.

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China trade

‘Strong breakwaters’: China’s central bank vows to shield from external shocks

Governor Pan Gongsheng says policy must prioritise the domestic economy, warning against ‘excessive policy swings’ that could undermine long-term stability.

Hong Kong stock market

Hong Kong stocks’ gains slow amid signs of China slowdown

Rebound may carry on after some consolidation, as investors eye Beijing policy support towards the end of the year, analyst says.

People walk past Exchange Square in Central, home of Hong Kong’s bourse operator Hong Kong Exchanges and Clearing, on March 28, 2025. Photo: Matthew Miller
Yuan

China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as the driver.

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
United States

Trump eyes Christmas deadline to name new Fed chair: Bessent

The US treasury secretary says simplifying the Fed is key, as he conducts interviews with the five candidates to succeed Chair Jerome Powell.

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United States

Shutdown crippled US jobs report, so no unemployment rate: Trump adviser

National Economic Council Director Kevin Hassett also said he expects the government closure to reduce fourth-quarter GDP by 1.5 per cent.

United States

Shutdown chaos could see US air travel fall to a ‘trickle’, transport secretary warns

Thousands more flights cancelled or delayed as passengers face chaos triggered by the federal government shutdown.

A plane lands at Los Angeles International Airport. Photo: EPA
United States

38-day US government shutdown far worse than expected: Hassett

White House adviser Kevin Hassett told reporters he expects an economic recovery after the government reopens, but did not declare a recession.

Kevin Hassett, Director of the National Economic Council of the United States, speaks with the media outside the White House last month. Photo: AFP
Canada

Canadians pull Reagan anti-tariff ad after furious Trump scraps trade talks

Ontario Premier Doug Ford says he spoke with PM Mark Carney and will pause the ad so negotiations can resume.

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US-China relations

Trump downplays Beijing threat to Taiwan as Australia touts rare earths deal

At White House meeting with counterpart, US leader praises ties with Xi and disses Aussie envoy after 10-month delay to seal minerals deal.

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United States

US begins sending nuclear workers home as shutdown drags on

Some 1,400 NNSA federal employees are being placed on unpaid furlough as the US endures its longest full government shutdown ever.

The sun rises behind the Capitol Building in Washington, weeks into the continuing US government shutdown. Photo: Reuters
United States

US shutdown near end after ‘No Kings’ rallies: Hassett

White House adviser expects shutdown to end this week, citing ‘bad optics’ for Democrats during ‘No Kings’ rallies; hints at cuts if it persists.

US-China trade war

Trump team presses unlikely buyers to snap up US soybeans

Since China stopped buying US soybeans, Donald Trump is pushing countries like India to boost purchases while weighing a multi-billion-dollar farm bailout.

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Intel

Trump wants more investment deals like Intel’s, worrying business community

The White House announced a near-10 per cent stake in chipmaker Intel on Friday that converts government grants into an equity share.

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An Intel logo and a computer motherboard. Photo: Reuters
United States

Macroscope | Trump’s crusade against the Fed turning US into an emerging market

If Trump continues to challenge the independence of the US central bank, markets will have to stop giving his behaviour a free pass.

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US President Donald Trump, left, leaves the Rose Garden with Jerome Powell, his nominee to become chairman of the US Federal Reserve, at the White House in Washington on November 2, 2017. Photo: Reuters
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