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NEC Director Kevin Hassett Discusses Intel Stake, the Fed and Tariffs on CNBC

August 25, 2025 · CNBC Television · 0:13:17

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

National Economic Council Director Kevin Hassett joined CNBC’s Squawk Box to discuss the U.S. government’s stake in Intel, Federal Reserve Chair Powell’s Jackson Hole speech, the rate outlook, the economy and President Trump’s tariff agenda, according to CNBC. Hassett explained, as he stated it, that Intel would receive its CHIPS money in exchange for government equity, and that the equity is non-voting, so there will be no government intrusion into Intel’s business.

Hassett described the arrangement, as he stated it, as more like a down payment on a sovereign wealth fund of the kind many countries have.

Why it matters

The interview is the administration’s economic chief explaining the Intel equity deal in his own terms on business television, preserved here as stated for the chronicle’s economy and trade record.

Scoreboard watch

Flagged for the scoreboard editor: Hassett’s characterization, as stated, of the Intel equity as non-voting and a down payment on a sovereign wealth fund, for checking against the final deal terms.

Sources: CNBC Television, “Watch CNBC’s full interview with NEC Director Kevin Hassett”, 2025-08-25 (official upload, embedded above; published 2025-08-25). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.