Kevin Hassett is returning to the White House to advise President Trump through the severe economic fallout from the coronavirus outbreak, the former official told CNN’s Poppy Harlow.
Trump asked Hassett, a CNN commentator, to rejoin the administration just as the economic outlook has darkened significantly in recent days.
Hassett told CNN on Thursday the widespread shutdowns caused by the health crisis could spark a repeat of the Great Depression.
“We’re going to have to either have a Great Depression, or figure out a way to send people back to work even though that’s risky,” Hassett said. “Because at some point, we can’t not have an economy, right?”
Some background: Hassett left the Trump administration in June 2019 after nearly two years as chairman of the White House Council of Economic Advisers.
During his second stint in the White House, Hassett is expected to advise the President on economic matters and have an office in the West Wing.