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Fortune
Fortune
Jake Angelo

Top Trump advisor furious about true cost of tariffs being revealed, vows to punish New York Fed for ‘worst paper’ ever in history

hassett (Credit: Aaron Schwartz—CNP/Bloomberg/Getty Images)

A top White House economic official on Wednesday blasted independent research on tariffs, dismissing its findings as inaccurate and misleading.

After the New York Federal Reserve released a blog post last week that found Americans are eating the supermajority (90%) of the cost of President Donald Trump’s tariffs, White House National Economic Council Director Kevin Hassett condemned the findings and lambasted the researchers involved in the study.

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