Source: New York Post
Kevin Hassett, a top economic adviser to President Trump, on Wednesday said those behind a New York Federal Reserve research paper that argued the costs of tariffs are borne mostly by Americans should be punished for what he described as shoddy scholarship. “The paper is an embarrassment,” Hassett said in a CNBC interview. “It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve System” and “the people associated with this paper should presumably be disciplined” for writing it.
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