A group of 44 economists described as “ideologically diverse”, demonstrated their support for Trump’s pick to head the White House’s Council of Economic Advisers (CEA) in a letter to the Senate Banking Committee Monday.
On Tuesday, Trump is expected to nominate Kevin Hassett to head the CEA, which assists the President on issues of economic policy such as the monthly job report.
In the letter, addressed to Banking Chairman Mike Crapo (R-Idaho) and ranking member Sherrod Brown (D-Ohio), the group of economists vouched for the qualifications of Hassett, and highlighted that the support came from economic minds on both sides of the aisle:
“While we disagree on many issues, as economists we all agree that the nation would be well served if Kevin Hassett is confirmed as chairman of the Council of Economic Advisers. While the signers of this letter hold a range of views on President Trump’s policies, we all believe that the formulation of economic policy would be advanced by the analysis and advice that Dr. Hassett would bring to the table. We appreciate that Hassett has consistently made an effort to reach out to a wide range of people from across the ideological spectrum both to promote economic dialogue and to collaborate on research and public policy proposals.”
High profile signers of the letter include former CEA chairmen for President Obama Jason Furman and Alan Krueger, former Federal Reserve Chairman Ben Bernanke, Jared Bernstein, a former chief economist for Joe Biden, Doug Elmendorf, former head of the Congressional Budget Office, Justin Wolfers, an economics professor at the University of Michigan and Mark Zandi, chief economist of Moody’s Analytics.
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