Some see his bold public comments on the central bank as a potential threat to the Fed’s independence from politics should he be tapped as chair.

White House National Economic Council Director Kevin Hassett joins 'Squawk Box' to discuss the state of the government shutdown, impact on the economy, state of U.S. trade negotiations, and more.

National Economic Council Director Kevin Hassett warned Monday that the government shutdown could cost the U.S. economy approximately $15 billion a week. In an interview on CNBC’s “Squawk Box,” Hassett cited an internal White House report suggesting the shutdown could have serious economic consequences if it continues for too long.

The U.S. Senate failed to pass a stopgap bill to fund the federal government for the next six weeks, leading the country into a seventh day of shutdown.

The following is the transcript of an interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on Sept. 7, 2025.

The Trump administration has warned that the shutdown will lead to federal employees getting laid off, rather than merely furloughed.

National Economic Council Director Kevin Hassett said this Sunday morning about the Trump administration's threat to start permanent layoffs of federal workers if the Senate can't come to an agreement on government spending: JAKE TAPPER,

Director of the National Economic Council Kevin Hassett said the Federal Reserve's monetary policy "needs to be fully independent of political influence — including from President Trump."

National Economic Council Director Kevin Hassett said Monday that mass layoffs of government workers threatened by the administration will be because of Democratic lawmakers. “Any government worker th