Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Trump Chooses Key Economics Adviser

The CEA has routinely been filled by leading academic economists and was among the most prominent vacant posts during the early months of the Trump presidency

In this Dec. 6, 2012, file photo, Kevin Hassett, senior fellow and director of Economic Policy at the American Enterprise Institute (AEI), gestures as he testifies on Capitol Hill in Washington, photo: Evan Vucci
2 weeks ago

WASHINGTON — President Donald Trump chose Kevin Hassett, an economics adviser to past Republican presidential candidates, on Friday to be chair of the White House Council of Economic Advisers. Hassett will play a critical role in analyzing the performance of the economy and impact of policy changes.

Hassett is the research director for domestic policy at the American Enterprise Institute, a conservative think tank that he joined in 1997. He has provided economic advice to the presidential campaigns of John McCain, George W. Bush and Mitt Romney. With a doctorate in economics from the University of Pennsylvania, Hassett has worked as a senior economist at the Federal Reserve and taught at Columbia University’s business school.

Jason Furman, the previous CEA chair under former President Barack Obama, hailed Hassett as an “excellent pick” on Twitter.

 


“He is serious about substance, committed to dialogue, & knows how to navigate DC,” Furman wrote.

An expert on taxes and budget policy, Hassett also co-wrote a paper challenging the NFL conclusions about the New England Patriots using under-inflated footballs to gain an advantage against the Indianapolis Colts in a 2015 playoff game.

Not all of Hassett’s analysis has been prescient. He has faced criticism for co-writing the 1999 book, “Dow 36,000,”which predicted a rising stock market shortly before the tech bubble burst and the Dow Jones industrial average tumbled.

The CEA has routinely been filled by leading academic economists and was among the most prominent vacant posts during the early months of the Trump presidency.

Formed in 1946, the CEA is responsible for giving the president economic guidance on domestic and international policy. The post has also been a launching pad for leading monetary policy at the Fed. Previous CEA chairs— Janet Yellen, Ben Bernanke and Alan Greenspan — have served as the past three Fed chairs.

JOSH BOAK

Comments Whatsapp Twitter Facebook Share
More From The News
World

On Holocaust Day, Netanyahu Says its Les ...

12 hours ago
World

Iranian Candidate Says Nuclear Deal Dail ...

12 hours ago
World

U.S. Officials Say Pirates Have Returned ...

13 hours ago
World

American Monitor Killed in Ukraine When ...

14 hours ago
Most Popular

Videgaray Looks to Strengthen Relation w ...

By Notimex
Mexico

Interior Security Law Drafted

By Yvonne Reyes
Mexico

You Can Now Try the First Sake Made in M ...

By Martha Pskowski
Living

Trump Tells Young Immigrants in U.S. Ill ...

By The Associated Press
World

UN: Mass Graves in Mexico are 'Terrifyin ...

By Víctor Mayén
Mexico