Capitalists And Money

Kevin Hassett returning as an economic adviser for second Trump administration

Kevin Hassett is heading back to the White House as an economic adviser.

President-elect Donald Trump announced Tuesday that Hassett will be director of the National Economic Council, a role that puts him in charge of executing the higher tariffs and tax cuts promised during the campaign.

Hassett, whose appointment was expected, served as chair of the Council of Economic Advisers for two years during Trump’s first term.

He’s likely to play a key part in coordinating policies and strategies across the government, starting with helping to negotiate serving an extension to the 2017 Tax Cuts and Jobs Act.

“Together, we will renew and improve our record Tax Cuts, and ensure that we have Fair Trade with Countries that have taken advantage of the United States in the past,” Trump said in the announcement.

The NEC is part of the executive office of the president, and the director does not need to be confirmed by the Senate.