Kevin Hassett, an economist who previously advised Republican presidential campaigns, has shifted his policy views to align with President Trump's agenda, raising questions about his potential nomination as Federal Reserve chair. Hassett, once a proponent of free trade and increased immigration, now supports tariffs and argues that deportations benefit the labor market, a stark contrast to his earlier stances.

As director of President Trump's National Economic Council, Hassett's revised positions have surprised those familiar with his decades-long career at the American Enterprise Institute. He previously championed classic conservative economic principles, advocating for policies that are now at odds with the Trump administration's approach.

Hassett's recent statements on CBS's "Face the Nation" exemplify this shift. He claimed that the departure of foreign-born workers creates job opportunities for native-born Americans, arguing that "instead of having, you know, basically illegal people come in and take jobs away from native-born Americans at low wages, we're seeing people re-enter the labor force at high wages." This assertion diverges from his previous support for immigration as a positive economic force.

The transformation in Hassett's policy views raises questions about the influence of political pressure on economic advisors. While economic models and data analysis are typically used to inform policy recommendations, the case of Hassett suggests that political considerations can play a significant role in shaping economic narratives. This raises concerns about the objectivity and reliability of economic advice provided to policymakers.

The potential nomination of Hassett as Federal Reserve chair further complicates the situation. The Fed is expected to operate independently of political influence, making decisions based on economic data and analysis. Hassett's apparent willingness to adjust his views to align with the Trump administration could raise concerns about his ability to maintain the Fed's independence and credibility. The selection process for the next Fed chair is ongoing, and Hassett remains a potential contender.