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“I think this is just another step to try to compromise the Fed’s independence,” Neel Kashkari said.
The call by a top Trump administration official for New York Federal Reserve staff to "be disciplined" for recent research on tariffs was just the latest move by the
White House economic adviser Kevin Hassett Wednesday said that some at the New York Federal Reserve should be punished for publishing their research.
The paper is an embarrassment,” Kevin Hassett fumed on CNBC, calling it “the worst paper I’ve seen in the history of the Federal Reserve System.”
The Trump administration is disputing a new paper from the New York Federal Reserve that asserts US consumers and businesses are bearing the bulk of the higher costs from tariffs imposed last year.