In an interview with ABC News, Kevin Hassett was also pressed on the president's decision to hit imports from Brazil with steep tariffs.

On the monetary front, Trump’s public feud with Powell continues to escalate, with the president blaming the Fed for slowing economic momentum. The White House is now scrutinizing the central bank’s massive building renovation, citing cost overruns and questioning whether the Fed, which controls its own budget, is exceeding its authority.

Kevin Hassett appeared to deflect questions on how the new tariff will benefit America despite the U.S. having a trade surplus with the South American country.

Kentucky Governor Andy Beshear (D) sharply criticized the administration’s sweeping tariffs, saying the policy approach amounts to “chaos” and is bad for the U.S. economy. “No, not at all,”

Steve Ghan, a retired PNNL scientist and a member of Friends of PNNL, told the Herald the impacts of jobs that would be lost under the administration’s proposed budget request would ripple through the economy as those workers’ incomes would be no longer be available to be spent on food, goods, entertainment and education.

President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the long run, forecasters say

Nuclear power exemplifies how revamping dated and onerous rules could kick-start investment and innovation.

Sen. Tammy Baldwin (D-Wis) said Wednesday that President Trump firmly placed his stamp on the U.S. economy with his tariff policies, and is to blame for the “uncertainty” and “chaos” that has