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Trump picks top economic adviser

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President Trump on Friday announced that he plans to nominate American Enterprise Institute (AEI) scholar Kevin Hassett to be chairman of his Council of Economic Advisers.

The council provides recommendations to the president on economic policy that are based on research. The nomination comes as the Trump administration is in the early stages of preparing a tax-reform plan.

Hassett is director of research for domestic policy at AEI and has studied how tax policy affects companies’ behavior and citizens’ welfare. He has previously been a senior economist at the Board of Governors of the Federal Reserve and a professor at Columbia University’s business school, according to the White House.

He was an economic adviser to the presidential campaigns of Mitt Romney, John McCainJohn McCainSunday shows preview: White House officials talk Syria strike Dem pushed plan for both sides to admit to abusing Senate rules: report McCain: Rand Paul doesn’t have any influence in the Senate MORE and George W. Bush, and was a consultant to the Treasury Department while George H.W. Bush and Bill ClintonBill ClintonTrump picks top economic adviser Only seven ads run on Thursday’s ‘O’Reilly Factor’ GOP triggers ‘nuclear option,’ gutting filibuster in Gorsuch fight MORE were president.

Jason FurmanJason FurmanTrump picks top economic adviser The White House budget plan shortchanges our economic future Economy adds 227K jobs in January MORE, who served as CEA chair under President Obama, tweeted that Hassett is an “excellent pick.”

 Kevin Hassett is an excellent pick. He is serious about substance, committed to dialogue, & knows how to navigate DC. I wish him good luck.

— Jason Furman (@jasonfurman) April 7, 2017