2 articles
A study by the New York Fed found that consumers are paying for 90% of Trump's tariffs, leading Trump adviser Kevin Hassett to call for economists to be punished. Hassett labeled the study an "embarrassment" and "highly partisan."
A former top economic adviser to Donald Trump, Kevin Hassett, vehemently criticized a New York Federal Reserve report stating that over 90% of tariff costs were passed to consumers. Hassett called the paper an "embarrassment" and suggested its authors be disciplined, accusing them of partisan analysis. This controversy highlights the tension between political narratives and independent economic assessments regarding the true impact of trade policies on American households.
