Transcript: Kevin Hassett on "Face the Nation with Margaret Brennan," Dec. 21, 2025
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The following is the transcript of the interview with White House National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. MARGARET BRENNAN: We go now to the Director of the White House National Economic Council, Kevin Hassett, good morning to you. KEVIN HASSETT, DIRECTOR NATIONAL ECONOMIC COUNCIL: Good morning. MARGARET BRENNAN: We took you literally. You said last Sunday you'd come back and talk to us about that household survey, the jobs picture.
AI Summary
Main Idea: In a Face the Nation interview, Kevin Hassett defended Trump’s economic and immigration policies, saying inflation is easing, tariffs are working, and labor shifts are creating jobs for native-born workers.
Key Points:
- Hassett said the latest jobs report was weaker than hoped, but he did not think the U.S. was in a hiring recession.
- He argued inflation is now below the Fed’s target on a short-term basis, so the central bank has room to cut rates.
- On immigration, he said limits on foreign-born workers are helping native-born Americans find jobs, while business groups say the changing rules are making hiring harder.
- Hassett said possible $2,000 tariff-related checks would need Congress to approve them, and he said some tariffs may stay in place, though some items could be exempted.
Impact on the People
Negative Impact
Higher tariffs and shifting immigration rules could keep prices and labor costs high for households and small businesses.
Positive Impact
If inflation keeps easing, the Fed may have room to cut rates, which could help borrowing costs for families and firms.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:Director Kevin Hassettperson
Candidate Entities6 candidates · 5 weighted vote min · 70% decision
- Director Kevin HassettpersonPrimaryEvaluated
Central interview subject and named official whose economic and immigration comments are the focus of the transcript.
Include 0 (0%)Ignore 0 (0%)5 to threshold - President Donald TrumppersonMajorAI selected
Referred to as the president announcing immigration-policy changes that are discussed at length.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Associated General Contractors of Americaunion / trade associationContextCandidate
Named trade group cited as raising concerns about construction labor shortages.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Austin GoolsbeepersonContextCandidate
Named Federal Reserve governor cited in Hassett’s comments about inflation and rate cuts.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Federal Reservegovernment agency or bodyContextCandidate
Central institution referenced in the discussion of inflation and interest-rate decisions.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Margaret BrennanpersonContextCandidate
Interviewer and on-air host who asks the questions but is not the subject of the story.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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