Trump picks Kevin Hassett to lead economic advisers: What to know

Published On Nov 27, 2024, 3:35 PM

Donald Trump has appointed Kevin Hassett to lead the National Economic Council (NEC), playing a key role in shaping his administration's economic policies. Trump emphasized that Hassett's expertise will be critical in addressing inflation and improving tax cuts. Having previously served as the chair of the Council of Economic Advisers, Hassett has a background in economic research and has been a defender of Trump’s economic policies, including the 2017 Tax Cuts and Jobs Act.

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Hassett's return and Trump's focus on tax cuts and inflation suggest a potential for favorable policies that might boost economic growth. Businesses may respond positively to a renewed emphasis on tax cuts and pro-growth policies, which could drive stock prices in sectors sensitive to economic policies.

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