US Edition
Trump adviser Hassett suggests New York Fed researchers be punished for tariffs argument
Kevin Hassett called the New York Fed paper partisan and flawed, disputing findings that U.S. firms and consumers bear about 90% of tariff costs in 2025.
- On February 18, 2026, White House economic adviser Kevin Hassett said those behind the New York Federal Reserve paper posted Feb. 12 should be disciplined, calling it "an embarrassment."
- Hassett criticized the study's method, saying New York Fed researchers focused on price changes and omitted reshoring wage and benefit effects that could offset tariff costs.
- Other studies and researchers reported some analyses found 94% of tariff costs passed to U.S. firms and consumers, while the Congressional Budget Office estimated foreign exporters absorb 5% of costs.
- New York Fed officials declined comment, and the dispute comes as the Supreme Court prepares a ruling that could limit presidential tariff authority while the White House plans a response.
- Academic and bank analyses, including Gita Gopinath and Brent Neiman, point out nearly 100% tariff pass-through to U.S. import prices, with CPI rising 2.5% in January.
99 Articles
99 Articles
Hartford Courant
WH adviser Hassett urges ‘discipline’ for Fed economists over tariff study
By CHRISTOPHER RUGABER WASHINGTON (AP) — President Donald Trump’s top economist on Wednesday urged that Federal Reserve economists be punished for research last week that showed American companies and consumers paying for nearly all the new tariffs imposed by the White House last year. Related Articles NIH’s Bhattacharya will also run the CDC while Trump administration looks for a permanent director Jesse Jackson’s…
Associated Press News
WH adviser Hassett urges 'discipline' for Fed economists over tariff study
President Donald Trump’s top economist on Wednesday urged that Federal Reserve economists be punished for research last week that showed American companies and consumers paying for nearly all the new tariffs imposed by the White House last year.
InsideNoVA.com
Hassett says Fed researchers should be punished for tariff analysis
(The Center Square) – Kevin Hassett, director of the National Economic Council of the United States, said Wednesday that Federal Reserve researchers who found that President Donald Trump's tariffs hit Americans hardest should face discipline over the analysis.
Top Trump advisor furious about true cost of tariffs being revealed, vows to punish New York Fed for ‘worst paper’ ever in history
“The paper is an embarrassment,” Kevin Hassett fumed on CNBC, calling it “the worst paper I’ve seen in the history of the Federal Reserve System.”
Coverage Details
Bias Distribution
- 71% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
