'Worst Paper I've Ever Seen': Kevin Hassett Goes Nuclear On NY Fed Paper On Tariffs - Target (NYSE:TGT), Walmart (NASDAQ:WMT)

Kevin Hassett on Wednesday called for researchers at the Federal Reserve Bank of New York to be “disciplined,” after the bank published a paper concluding that 90% of Trump’s tariff costs are falling on U.S. consumers and companies rather than foreign exporters.“The paper is an embarrassment,” the National Economic Council director said on CNBC’s Squawk Box.“The people associated with this paper should presumably be disciplined, because what they’ve done is they’ve put out a conclusion which has created a l ...