Tariffs and the $38 trillion national debt: Kevin Hassett sees 'big reductions' in deficit while Scott Bessent sees a 'shrinking ice cube'

The favorite to become Fed chair says tariffs are an important part of Trump's economic policy and behind "a lot of the revenue coming in to the Treasury."

Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," Nov. 30, 2025

The following is the transcript of the interview with Sen. Tim Kaine, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on Nov. 30, 2025.

Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation

If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

Hassett touts market response to report that he’s the front-runner to replace Powell at the Fed

Director Kevin Hassett on Sunday touted the market response to a Bloomberg report last week suggesting Hassett is broadly considered the front-runner among

Trump economic advisor Kevin Hassett touts ‘best Black Friday that we've ever seen’ as holiday spending surges

National Economic Council Director Kevin Hassett attributes record Black Friday and holiday spending to increased incomes and lower inflation under the current administration.

Bond investors warned of Hassett as potential Fed chair over rate-cut fears, FT reports

Bond investors have expressed concerns to the U.S. Treasury that Kevin Hassett could aggressively cut interest rates to align with President Donald Trump's preferences, the Financial Times reported on Wednesday,

Kalshi Traders Step Up Bets on Trump Choosing Hassett to Lead Fed

Traders on prediction markets dialed up their wagers on Kevin Hassett being appointed the next chair of the Federal Reserve after President Trump told reporters that he had settled on his next Fed pick—but didn’t reveal the name.