Uploaded December 2025 | Updated September 2026, 1 week ago
National Economic Council Director Kevin Hassett said he told President Donald Trump he would accept the nomination to replace Jerome Powell as Fed chair if the job was offered, adding that he would prefer a larger interest-rate cut when policymakers meet in December. He also discussed the negative impact of the recent government shutdown on GDP and the administration's strong legal standing on tariffs. Hassett appears on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This was recorded November 12 at the Economic Club of Washington DC.
Chapters:
00:01:04 - Government Shutdown's impact on GDP
00:02:02 - Inflation & the Fed
00:03:56 - Next Fed Chair?
00:06:40 - Budget Deficit
00:07:40 - Trump's Tariff Policy
00:11:37 - More Fed Talk
00:13:49 - Early Life
00:18:38 - Trump's greatest economic accomplishment
00:21:23 - Is there an AI Bubble?
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Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here:
bloomberg.com/peer-to-peer
Learn more about David:
davidrubenstein.com
Connect with us on...
Twitter: twitter.com/business
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National Economic Council Director Kevin Hassett said he told President Donald Trump he would accept the nomination to replace Jerome Powell as Fed chair if the job was offered, adding that he would prefer a larger interest-rate cut when policymakers meet in December. He also discussed the negative impact of the recent government shutdown on GDP and the administration's strong legal standing on tariffs. Hassett appears on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This was recorded November 12 at the Economic Club of Washington DC.
Chapters:
00:01:04 - Government Shutdown's impact on GDP
00:02:02 - Inflation & the Fed
00:03:56 - Next Fed Chair?
00:06:40 - Budget Deficit
00:07:40 - Trump's Tariff Policy
00:11:37 - More Fed Talk
00:13:49 - Early Life
00:18:38 - Trump's greatest economic accomplishment
00:21:23 - Is there an AI Bubble?
--------
Like this video? Subscribe to The David Rubenstein Show on YouTube:
youtube.com/channel/UCqsN9MYiu1mKSAsYoF6ppTg
Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here:
bloomberg.com/peer-to-peer
Learn more about David:
davidrubenstein.com
Connect with us on...
Twitter: twitter.com/business
Facebook: facebook.com/bloombergbusiness
Instagram: instagram.com/bloombergbusiness
