Hassett says Fed staff should be ‘disciplined’ for revealing how much Trump’s tariffs cost Americans
Politico reports: White House economic adviser Kevin Hassett on Wednesday said staffers at the New York Federal Reserve should be punished for producing research that found most of President Donald Trump’s tariffs are being paid by U.S. firms and consumers. Hassett on CNBC called the paper, co-authored by four people including the New York Fed’s head of labor and product markets, “an embarrassment” and “the worst paper I’ve ever seen in the history of the Federal Reserve System.” “The people…