President Donald Trump said he would consider National Economic Council Director Kevin Hassett to replace Jerome Powell as chair of the Federal Reserve. Hassett said he believes the Fed should remain independent but wouldn’t comment on if he would take the job if it was offered to him.

President Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, and that the Fed “has a lot to answer for” on renovation cost overruns at its Washington headquarters.

White House National Economic Council Director Kevin Hassett discusses interest rates, calls from President Donald Trump to pick a new Federal Reserve chair and more on ‘Varney & Co.’

The following is the transcript of an interview with Kevin Hassett, National Economic Council director, that aired on "Face the Nation with Margaret Brennan" on July 6, 2025.

Kevin Hassett, Trump’s adviser and current director of the National Economic Council, gave an interview with CNBC on Sunday in which he said firing Powell was “being looked into” and praised the US president as “one of the most successful, if not the most successful businessmen in the 20th century”.

National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."

White House National Economic Council director Kevin Hassett said Sunday that "rough outlines of the deals are becoming clear" ahead of a key tariff deadline this week.

White House Economic Advisor Kevin Hassett said on Monday that President Donald Trump’s tariffs are not leading to inflation because of "patriotism" buying. In an interview with CNBC, Hassett said there is a “lot of patriotism” in the data,