Something really topical. I saw this yesterday. Kevin Hassett on CNBC offered some criticism of a New York Fed study on tariffs.Do you have thoughts you want to share about that. Sure. You know, I mentioned all 12 reserve banks have independent research departments that are always studying the economy.And sometimes people put out results that point one way and another Reserve Bank will put out results that point the other way. This is how we're trying to get better and learn about the economy by having this ...

December 13, 2025 12:11 AM GMT Global Macro Commentary | Global December 12: The Fed Twist President Trump considers both Warsh and Hassett for next Fed chair, would like to be consulted on interest rates; Goolsbee's dissent more dovish than expected; Japan MoF Primary Dealer meeting hints at reduced long-end issuance, but more front-end; DXY at 98.40 (+0.1%); US 10y at 4.19 (+2.7bp). Rates accelerate their steepening amid developments in Fed leadership while risk assets sell off on AI financing concerns. D ...