MarketsHigh

Hassett expected to leave White House economic role

Semafor reports NEC Director Kevin Hassett is expected to depart in coming weeks, with Treasury Secretary Scott Bessent among those considered to replace him.

Kevin Hassett
Kevin Hassett. Photo: Executive Office of the President of the United States, Public domain, via Wikimedia Commons

Confirmed

  • Kevin Hassett is director of the National Economic Council
  • Scott Bessent is US Treasury Secretary and is among those considered to replace Hassett

Not yet known

  • Whether Hassett will leave; Semafor reports his exit is expected in the coming weeks
  • Who will replace Hassett; Bessent could hold both the Treasury and NEC roles
  • The reason for the expected departure is not stated

What we know

Semafor reports, citing three people familiar with his plans, that National Economic Council Director Kevin Hassett is expected to leave in the coming weeks. Bessent could hold both positions, and market news accounts say Bessent or another candidate is eyed for the role. Traders on social media are reacting with speculation about the reason for the exit.

Who's who

Photos and descriptions: Wikipedia

What people are posting

Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.

@wallstengine

“National Economic Council Director Kevin Hassett is expected to leave his role in the coming weeks”

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@FirstSquawk

“HASSETT EXPECTED TO DEPART IN COMING WEEKS - SEMAFOR”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.