{"id":2239078,"date":"2024-05-07T11:22:02","date_gmt":"2024-05-07T15:22:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-trump-economist-warns-stock-market-will-tank-if-trump-goes-to-jail\/"},"modified":"2024-05-07T11:23:56","modified_gmt":"2024-05-07T15:23:56","slug":"former-trump-economist-warns-stock-market-will-tank-if-trump-goes-to-jail","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-trump-economist-warns-stock-market-will-tank-if-trump-goes-to-jail\/","title":{"rendered":"Previous Trump economic advisor cautions of stock market decline if Trump faces jail time"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-trump-economist-warns-stock-market-will-tank-if-trump-goes-to-jail%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2239078&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former White House economist Kevin Hassett issued a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-coast-guard-announces-debris-field-found-in-search-area-for-submersible\/\" title=\"U.S. Coast Guard finds debris field in submersible search area.\">cautionary statement<\/a> about the potential impact of ex-President Donald Trump&#8217;s imprisonment, highlighting consequences for the \u2064U.S.,\u200d including\u200b disruptions in the stock market. Hassett, a former \u2062Council \u200bof Economic Advisers chairman under Trump,\u200b expressed his\u2064 concerns as Trump faces trial for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-scores-major-victory-and-minor-setback-in-new-york-courts\/\" title=\"Trump achieves significant win and minor setback in New York legal battles\">hush money charges<\/a> in New York. Former White House economist Kevin Hassett shared a warning regarding the potential repercussions of ex-President \u2062Donald Trump&#8217;s incarceration on the U.S., particularly in causing disturbances in the stock market. Hassett, who previously served \u2064as the \u200cCouncil of Economic Advisers chairman under Trump, raised these concerns amidst \u200bTrump&#8217;s trial for hush money allegations in New York.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>Former <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/white-house\/\" target=\"_blank\" rel=\"noopener\" title>White House<\/a> economist <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-hassett\/\" target=\"_blank\" rel=\"noopener\" title>Kevin Hassett<\/a> warned that if former President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title>Donald Trump<\/a> goes to jail, it would result in numerous consequences for the United States, among them a hit to the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/stock-market\/\" target=\"_blank\" rel=\"noopener\" title>stock market<\/a>.<\/p>\n<p>Hassett, who worked in the Trump administration as the Council of Economic Advisers chairman, made his warning while the former president continues his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trumps-criminal-hush-money-trial-set-for-march-25\/\" title=\"Trump's hush money trial scheduled for March 25\">hush money trial<\/a> in <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/new-york\/\" target=\"_blank\" rel=\"noopener\" title>New York<\/a>. Hassett specifically criticized Judge Juan Merchan for making \u201cunconstitutional\u201d rulings against the former president, claiming that \u201cit really looks like there\u2019s a conspiracy\u201d to put Trump behind bars.<\/p>\n<p>\u201cAnd if President Trump is in chains, going to Rikers Island, then would you want to buy U.S. Treasury the next day?\u201d Hassett asked on Fox Business\u2019s <em>Mornings with Maria Bartiromo<\/em>. \u201cThe thing that I\u2019m really worried about, about short-term risks for the economy, is that the Democrats are serious in this lawfare, and if they actually succeed, then imagine, it\u2019s like we become a banana republic the moment they take them to Rikers, and I just can\u2019t imagine what happens to Treasury markets that day.\u201d<\/p>\n<p>Hassett specified that the idea of seeing Trump, a former president, go to <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/jail\/\" target=\"_blank\" rel=\"noopener\" title>jail<\/a> over \u201cridiculous charges\u201d would cause concern among international investors, who would opt to buy their bonds elsewhere.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>Trump\u2019s hush money trial in New York relates to an alleged affair he had with adult film actress Stormy Daniels, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/2993874\/trump-trial-stormy-daniels-witness-stand\/\" target=\"_blank\" rel=\"noopener\" title>who is believed to be Tuesday\u2019s witness<\/a>. This trial is one of several legal battles Trump is facing while running for president in the 2024 election. <\/p>\n<p>Merchan <a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/2992287\/judge-finds-trump-contempt-gag-order-threatens-incarceration\/\" target=\"_blank\" rel=\"noopener\" title>fined Trump $1,000 for violating his gag order<\/a> on Monday, with the former president already being fined $9,000 for other violations of this order. The judge also warned that further violations could result in Trump spending time in jail.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former White House economist Kevin Hassett cautioned that if ex-President Donald Trump is incarcerated, the U.S. could face several repercussions, including a stock market downturn. Hassett, former Council of Economic Advisers chairman under Trump, issued the warning amid speculation about the former president<\/p>\n","protected":false},"author":2632,"featured_media":2239079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/AP20171506929005-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2239078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/05\/AP20171506929005-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2239078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2239078"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2239078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2239079"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2239078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2239078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2239078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}