Kevin Hassett Discusses Key Topics on “Face the Nation,” Dec. 21, 2025

On December 21, 2025, Kevin Hassett, the Director of the White House National Economic Council, appeared on “Face the Nation” to discuss the current economic landscape in the United States. The conversation focused on labor markets, inflation, immigration policy, tariffs, and economic forecasts.

Job Market Trends

During the interview, Hassett addressed recent labor statistics indicating that the U.S. added 64,000 jobs, with an unemployment rate rising to 4.6%. Despite concerns about a potential hiring recession, he disagreed with the notion that job growth was stagnating.

• 64,000 jobs added in recent data.
• Unemployment rate increased to 4.6%.
• The labor market is influenced by native-born worker growth.

Inflation Insights

As for inflation, Hassett highlighted that the consumer price index revealed a slower increase. Core consumer prices grew at an annual rate of 1.6%, which is below the Federal Reserve’s target. He noted that despite fluctuations, the trend appears positive.

• Core consumer prices increased at 1.6% annually.
• The Fed’s target inflation rate is not being met.

Immigration Policy Changes

Hassett discussed recent immigration policy shifts, including a halt to diversity visas and a travel ban affecting 39 countries. He emphasized the labor market’s adaptability, citing an increase of over 2 million native-born workers.

The business community, however, expressed concerns about labor shortages, especially in construction. Hassett acknowledged some challenges but believed that rising wages would attract more workers back into the labor force.

Tariff Discussions and Economic Proposals

The conversation also covered tariffs, with Hassett reflecting on potential $2,000 checks for households earning under $100,000, pending Congressional approval. He noted significant economic growth during recent months, alongside a reduction in the deficit by $600 billion.

• $600 billion drop in the deficit compared to last year.
• Positive economic growth reported at nearly 4%.

Future Economic Outlook

Looking ahead, Hassett mentioned the government’s willingness to explore tariff exemptions and adjustments. He indicated that the Supreme Court’s decisions regarding tariffs could also impact future economic conditions. The overall sentiment was cautiously optimistic regarding the nation’s economic trajectory as 2026 approaches.