White House National Economic Council Director Kevin Hassett sharply criticized a recent Federal Reserve Bank of New York study on who pays for tariffs, calling its methodology fundamentally flawed and its conclusions unsupported by the data.
The New York Fed study, published February 12, concluded that nearly 90 percent of the economic burden from 2025 tariffs fell on U.S. companies and consumers. But Hassett argued in a CNBC interview Wednesday that the research ignored crucial economic factors while drawing sweeping conclusions from incomplete analysis.
“The paper is an embarrassment,” Hassett said. “What they’ve done is they put out a…
Read the full article at BREITBART.COM
