Trump Explains Why Kevin Hassett Stayed at White House
President Trump says Kevin Hassett was considered for Fed Chair but kept at the White House due to his critical role shaping economic policy and growth strategy.
Washington, D.C. — President Donald J. Trump addressed widespread speculation surrounding the selection of the next Chairman of the Federal Reserve, confirming that Kevin Hassett, one of the nation’s most respected economists, was seriously considered for the role.
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According to the President, Hassett would have made an exceptional Fed Chairman, but his current role inside the White House proved too valuable to give up.
“There was great speculation that highly respected Kevin Hassett was going to be named Chairman of the Fed, and a great Chairman he would have been,” President Trump said. “But quite honestly, he is doing such an outstanding job working with me and my team at the White House, that I just didn’t want to let him go.”
Kevin Hassett has played a central role in shaping the administration’s economic policy, growth initiatives, and long-term fiscal strategy. Widely regarded as one of the most influential economic minds in the country, Hassett has been instrumental in advising on inflation control, job creation, and pro-growth reforms.
The President emphasized that keeping Hassett in place was a strategic decision focused on continuity and performance.
“Kevin is indescribably good,” Trump added. “So, as the expression goes, ‘if you can’t do better, don’t try to fix it.’”
Market analysts say the decision signals confidence in the White House economic team and reflects a broader effort to maintain stability during a critical period for monetary and fiscal policy. While Kevin Warsh was ultimately nominated to lead the Federal Reserve, Trump’s comments make clear that Hassett remains a key architect of the administration’s economic agenda.
President Trump closed his remarks by thanking Hassett for his service, reinforcing his importance to the administration’s ongoing efforts to strengthen the U.S. economy.
“Thank you Kevin for doing such a great job!” the President said.
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