Kevin Hassett Attacks Fed Study Showing US Paid 90% of Trump's Tariffs

White House advisor Kevin Hassett criticized a Federal Reserve Bank of New York study that concluded American companies and consumers bore 90% of the cost of Donald Trump's tariffs.Kevin Hassett described the research as biased and embarrassing while arguing that the analysis failed to account for factors such as reduced import volumes and increased domestic production.The official cited a 2.4% rise in the consumer price index and a $1,400 average increase in real wages as proof that the economic policies are benefiting the USA.These comments follow the decision by Donald Trump to bypass Kevin Hassett for the role of Federal Reserve chair in favor of Kevin Warsh.