Kevin Hassett
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japantimes.co.jpNational Economic Council Director Predicts Oil Flow Through Strait of Hormuz Within Two Months
National Economic Council Director Kevin Hassett said oil shipments through the Strait of Hormuz could resume in one to two months. The strait has been closed during the U.S.-Israeli conflict in Iran.
techjuice.pkWhite House official proposes renaming consumer sentiment index
Kevin Hassett, director of the White House National Economic Council, said consumer sentiment data now reflects political views rather than economic conditions. He made the comments on CBS News' Face the Nation.
Washington ExaminerHassett Says Positive Inspector General Report Could Lead to Powell Departure
National Economic Council Director Kevin Hassett said Monday he hopes a forthcoming Federal Reserve inspector general report provides an off-ramp for Chairman Jerome Powell to leave the central bank after his term ends. Powell has said he will remain as a board member until an in…
CnbcNational Economic Council Director Says AI Not Costing Jobs Now
National Economic Council Director Kevin Hassett said there is no sign in the data that artificial intelligence is costing anyone their job at present. His comments were made as several technology companies including Amazon, Meta and Oracle have announced job cuts with some citin…
abcnews.go.comTrump Administration Still Deliberating AI Oversight, Rules Out New Federal Agency
White House economic adviser Kevin Hassett said the Trump administration continues to deliberate on oversight for advanced AI models but does not plan to establish a major new regulatory body. The comments reflect ongoing internal discussions on balancing innovation and safety in…
Substrate placeholder — needs reviewEnergy Share of GDP Has Dropped in Recent Decades, Hassett States
Kevin Hassett, director of the National Economic Council, stated that the energy share of GDP has dropped in recent decades. He added that the global economy's ability to recover quickly from higher gas prices is documented. Hassett acknowledged stress from elevated gas prices.
Substrate placeholder — needs reviewKevin Hassett Describes Current Issue as Temporary Distraction in Economic Growth Discussion
Kevin Hassett responded to a reporter's question about expectations for impact on economic growth. He stated that the matter is a temporary distraction that will resolve quickly. The exchange occurred in an interview reported by @unusual_whales.
realclearmarkets.comWhite House NEC Director Hassett States Strait of Hormuz Could Reopen in Two Months
White House National Economic Council Director Kevin Hassett stated that the Strait of Hormuz could be opened within two months. He noted that current vessel traffic through the strait is at 10% of normal levels. Hassett mentioned expectations for reduced energy prices upon reope…
Substrate placeholder — needs reviewWhite House NEC Director Hassett Comments on Iran-US Talks and US Economic Outlook
White House National Economic Council Director Kevin Hassett stated that ongoing talks between the United States and Iran are not meaningless. He indicated that the US is working with Iran toward a potential agreement. Hassett also discussed expectations for US economic growth, i…
realclearmarkets.comWhite House Adviser Hassett States Oil Price Spike Likely One-Time Effect on CPI Report
White House Senior Adviser Kevin Hassett indicated that the recent oil price spike will probably have a one-time impact on the Consumer Price Index report. This assessment addresses concerns about inflation amid energy market volatility. The statement was reported by Fox Business…