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 ...

Hassett says New York Fed staff should be disciplined over study finding Americans paid for Trump's tariffs - MarketWatch# Hassett says New York Fed staff should be disciplined over study finding Americans paid for Trump's tariffs## Trump economist's criticism comes ahead of possible Supreme Court ruling this weekPublished: Feb. 18, 2026 at 11:54 a.m. ETShareResize---Listen(2 min)A 40-foot-long banner designed to look like a purchase receipt was displayed in Los Angeles in December by the progressive group ...

The president's tariffs have created new economic opportunity for India, Brian Klein writes in a guest commentary. ...

White House economic advisor Kevin Hassett said Wednesday that the authors of a recent New York Federal Reserve paper that found U.S. companies and consumers are shouldering most of the tariff burden should be "disciplined."In a CNBC interview, the National Economic Council director ripped the report, saying that central bank researchers ignored key aspects of how the duties worked and instead simply focused on prices. Hassett said the research also should have included the upward impact on wages and benefi ...

The Federal Reserve cut its key interest rate by a quarter point (25 basis points) at the December FOMC meeting, placing the overnight borrowing rate in the 3.5%-3.75% range. GOBankingRates consulted experts to gather their predictions about what will happen to mortgage rates in the coming year. While many believe that interest rate decisions are the only thing responsible for mortgage rates, that’s not the case. When predicting mortgage rates, it’s important to consider current market conditions, includi ...

Open your pocketbooks. You're about to pay up for President Trump's tariffs this year. That's the overriding message from a recent report published by the Tax Foundation, a nonpartisan organization focused on tax policy. The impact of tariffs will cost the average U.S. household $1,300 in 2026, based on the Tax Foundation's analysis. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical tec ...

President Donald Trump announced Tuesday that the first $36 billion in Japanese-funded infrastructure and industrial projects have been officially approved, marking the operational launch of a massive $550 billion investment pact.Historic Economic LaunchThe announcement, delivered via Truth Social, signals the beginning of a multi-year commitment from Tokyo to revitalize the American industrial base. "Japan is now officially, and financially, moving forward with the FIRST set of Investments under its $550 B ...

The S&P 500's expensive valuation could lead to a steep decline in stock prices, especially if tariffs become a material economic headwind.In September, Federal Reserve Chair Jerome Powell warned investors that stocks were expensive, but the S&P 500 (^GSPC +0.10%) has since added about 3%. Not a substantial return, but large enough to say the market has brushed aside the warning to some degree.However, recent studies suggest President Trump's tariffs will slow economic growth, despite his assurances to the ...

Japan has drawn up plans for investments in US oil, gas and critical mineral projects worth about $36bn under the first wave of a deal with Donald Trump.The US president and Sanae Takaichi, Japan’s prime minister, announced a trio of projects including a power plant in Portsmouth, Ohio, billed by the Trump administration as the largest natural gas-fired generating facility in US history.As a diplomatic row between Japan and China over the security of Taiwan continues, testing the Japanese economy, Takaichi ...

Despite tariffs, deficits, and lingering inflation risks, investors are piling into Treasuries—pushing yields to their lowest levels of the year. ...