National Economic Council Director Kevin Hassett is expected to leave the Trump administration in the coming weeks after exploring opportunities outside the White House well before the November midterm elections, according to a report by Semafor. His departure is not considered final, and his plans could still change.

Treasury Secretary Scott Bessent and David Zervos, a counselor at the Treasury Department, are among those being considered to replace Hassett. Bessent could potentially take on both the Treasury secretary position and leadership of the National Economic Council, giving him responsibility for coordinating economic policy across the administration.

Hassett previously served as chairman of the Council of Economic Advisers during President Donald Trump's first administration before returning to the White House as a senior economic adviser. Trump brought him back two years ago to lead the National Economic Council, which helps coordinate the president's economic agenda and advises the White House on issues involving taxes, trade, spending and financial policy.

During his current tenure, Hassett has frequently represented the administration in public discussions of economic policy. He addressed the financial consequences of the Iran war and defended Trump's efforts to challenge former Federal Reserve Chair Jerome Powell over monetary policy.

Zervos joined the Treasury Department in September as a counselor to Bessent after spending nearly two decades at investment bank Jefferies, where he served as chief market strategist. His experience includes advising on financial markets, monetary policy, and economic conditions