WH adviser Hassett urges ‘discipline’ for Fed economists over tariff study

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.

“The paper is an embarrassment,” Kevin Hassett, director of the White House’s National Economic Council said in an interview on CNBC. “It’s the worst paper I’ve ever seen in the history of the Federal Reserve system. The people...