Hassett Says Tariff Rebate Check Proposal Should Be on the Table

Kevin Hassett, one of President Donald Trump’s finalists to become Federal Reserve chair, said there’s space for Congress to look at enacting tariff rebate checks next year.

“We’re making so much progress on reducing the national debt that I think it’s fair to think about what other policies we might pursue” in a so-called reconciliation bill in 2026, Hassett, director of the White House National Economic Council, said Wednesday in a discussion hosted by Bloomberg Economics.

“With all the tariff revenue that’s coming in without causing stagflation, I think it would definitely be on the table to ...