Finance

White House Economic Adviser Kevin Hassett To Step Down Soon

Over the years, numerous high profile advisers and officials have left the Trump administration for a variety of reasons. However, the reason behind economic advisor Hassett’s departure is still unclear so far.

Ever since Donald Trump became the president of the United States, the sudden departure of high profile officials has been a recurring theme, and in a new development, it has emerged that the Economic Advisor of the White House, Kevin Hassett is going to leave his post. The president himself announced the departure through his Twitter account, but as of now, no reason has been provided by the administration about the departure.

Considering the fact that the United States is currently engaged in a bruising trade war with China, the timing of the departure has taken many by surprise. In a Twitter post, Donald Trump stated,

Kevin Hassett, who has done such a great job for the Administration and me, will be leaving shortly. His very talented replacement will be named as soon as I get back to the U.S.

However, the trade war with China is not the only issue that would have needed the expertise of a skilled economic adviser. It is important to note that the United States president has also threatened to impose damaging tariffs on Mexican goods if the issue of immigration is not dealt upon seriously. In such a situation, it has come as a surprise that Hassett has been let go by the administration.

Hassett has been in this role with the Trump administration since 2017. Before that, he had been a fiscal policy scholar at the American Enterprise Institute, which remains one of the most influential conservative think tanks in the United States. Some of the important projects that he worked on include an immigration plant with Jared Kushner, the son-in-law of the president and one of the most powerful advisers at the White House. Hassett had also given his backing to an initiative that was meant for ending waivers for countries that bought oil for Iran. The president was effusive in his praise of Hassett and stated that he was going to name a replacement soon. However, it remains to be seen whether the new appointment has the same line of thinking as Hassett’s on key policy issues.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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