THENATIONALPULSE (William Upton) - Trump’s Top Econ Advisor Blasts ‘Embarrassing’ Federal Reserve Tariff Study: ‘Worst Paper Ever Seen.’
PULSE POINTSWHAT HAPPENED: President Donald J. Trump’s Director of the National Economic Council, Kevin Hassett, is pushing back on a research paper published by the New York Federal Reserve Bank that claims tariff costs are predominantly being passed on to American consumers.WHO WAS INVOLVED: Kevin Hassett, President Trump, the Federal Reserve Bank of New York, and American […] The post Trump’s Top Econ Advisor Blasts ‘Embarrassing’ Federal Reserve Tariff Study: ‘Worst Paper Ever Seen.’ appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: President Donald J. Trump’s Director of the National Economic Council, Kevin Hassett, is pushing back on a research paper published by the New York Federal Reserve Bank that claims tariff costs are predominantly being passed on to American consumers. WHO WAS INVOLVED: Kevin Hassett, President Trump, the Federal Reserve Bank of New York, and American consumers. WHEN & WHERE: Hassett’s remarks were made on February 18, 2026, following the release of the New York Fed tariff study. KEY QUOTE: “The paper is an embarrassment. It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve System.” — Kevin Hassett IMPACT: The New York Fed research has fueled a new round of…Open