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Story summary
- Kevin Hassett, director of the White House National Economic Council, criticized a New York Federal Reserve study, saying it inaccurately states that 90% of tariffs under U.S. President Donald Trump fell on U.S. businesses and consumers and calling it the worst in Fed history.
- The New York Federal Reserve study was published in February 2026.
- Hassett's remarks indicate tensions between the Trump administration and the Federal Reserve on trade policy.
