Pressed by Karl about Trump’s recent criticism of Federal Reserve Chair Jerome Powell, Hassett echoed the White House’s criticism of recent cost overruns in the renovation of the Fed’s Washington, D.C., headquarters.

Kevin Hassett, a top economic advisor to President Trump, was out defending the administration's threat of a 50% tariff on imports from Brazil. The U.S. has a trade surplus with Brazil, in contrast to

The US President has backed his administration's decision to impose tariffs on foreign trade partners in an interview with Fox News.

Brazil's government on Friday downplayed the impact of the 50% tariff U.S. President Donald Trump threatened to impose on imports from that country, as leaders from both nations expressed a cautious willingness to negotiate in the future.

Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.