Kevin Hassett Demands Discipline for Fed Authors of Tariff Study

White House economic adviser Kevin Hassett demanded disciplinary action against researchers at the Federal Reserve Bank of New York following a study on the impact of tariffs.The research indicated that American companies and consumers paid approximately 90 percent of the costs associated with the trade measures implemented by Donald Trump.Kevin Hassett described the findings as biased and embarrassing while noting that inflation reached a modest 2.4 percent and real wages increased by $1,400.This confrontation follows the decision by Donald Trump to nominate Kevin Warsh as the next chair of the Federal Reserve instead of selecting Kevin Hassett for the role.