UPDATED 12:44 PM PT — Monday, June 3, 2019
The chairman of the White House Council of Economic Advisers says his decision to leave the administration is not because of the new tariffs announced against Mexico.
On Monday, Kevin Hassett confirmed he will leave his post at the end of the month after President Trump announced he would be stepping down in a tweet Sunday night. The president thanked him for his service and called him a true friend.
Kevin Hassett, who has done such a great job for me and the Administration, will be leaving shortly. His very talented replacement will be named as soon as I get back to the U.S. I want to thank Kevin for all he has done – he is a true friend!
— Donald J. Trump (@realDonaldTrump) June 3, 2019
Hassett said his decision to move on from the White House after two years is the “normal” timeline for the CEA chair.
“CEA is meant to be kind of like CBO (Congressional Budget Office) — this objective adviser, and the longer you stay here the closer you get with everybody and maybe the harder it is to be objective,” explained Hassett. “And so, I think it’s a celebration, really, of the organization…it’s important for CEA chairs to leave after two years.”
President Trump said he will announce Hassett’s “very talented replacement” when he returns from Europe. The nominee will need to be confirmed by the Senate. Hassett assured “the CEA will continue to function well” after his departure.