Central Banks
Hassett Attacks NY Fed for Study on Tariff Burden Hitting US
Director of the National Economic Council Kevin Hassett
Photographer: Francis Chung/Politico/Bloomberg
National Economic Council Director Kevin Hassett said a study from the Federal Reserve Bank of New York showing US companies bear most of the tariff burden “is an embarrassment” and the people associated with it should be “disciplined.”
“What they’ve done is they put out a conclusion which has created a lot of news that’s highly partisan, based on analysis that wouldn’t be accepted in a first semester econ class,” Hassett said Wednesday on CNBC. He added US consumers will be made better off by tariffs.