Kevin Hassett says Fed economists should be 'disciplined' over tariff study

Summary

The article reports on Kevin Hassett's criticism of a New York Fed study that found U.S. businesses and consumers bear the brunt of tariffs. Hassett defends the Trump administration's tariff policies, claiming they benefit American consumers.

Key Takeaways

1. Kevin Hassett criticized a New York Fed study that found U.S. businesses and consumers bear most of the tariff burden, calling it an "embarrassment."
2. The New York Fed's research indicated that U.S. businesses and consumers bore 86% of the tariff burden as of November 2025.
3. Hassett defended the Trump administration's tariffs, arguing that American consumers are better off because of them.

Statement Breakdown

• Claimed Facts: 50% of statements the article presents as facts
• Opinions: 30% of statements classified as editorial or subjective
• Claims: 20% of statements surfaced for additional reader evaluation

Credibility & Bias Reasoning

Credibility assessment: The article presents information from multiple sources, including the New York Fed, the CBO, and Kevin Hassett. However, it primarily focuses on Hassett's criticism of the Fed study, potentially skewing the overall picture. The article could benefit from a more balanced presentation of different viewpoints.

Bias assessment: Pro-Trump Economic Policy. The article emphasizes Kevin Hassett's defense of the Trump administration's tariffs and his criticism of the New York Fed's study, which contradicts the administration's stance. The framing suggests a bias towards supporting the administration's economic policies and discrediting opposing viewpoints.

Note: Be aware that this article focuses heavily on one individual's perspective and criticism. Cross-reference with other sources for a balanced understanding.

Credibility flag: Consider Source

Claimed Facts (6)

• This is a factual statement of Hassett's actions.
• This is a reported finding of the New York Fed study.
• This is a reported finding of the New York Fed study.
• This is a factual statement about the CBO's findings.
• This is a factual statement about the CBO's projections.
• This is a factual statement about PCE inflation.

Opinions (4)

• This is Hassett's subjective assessment of the New York Fed paper.
• This is Hassett's subjective assessment of the New York Fed paper.
• This is Hassett's subjective assessment of the New York Fed paper.
• This is Hassett's subjective assessment of the Trump administration's tariffs.

Claims (4)

• This statement lacks specific data and context to support it.
• This statement lacks specific data and context to support it.
• This statement implies a direct causal link between tariffs and consumer well-being without sufficient evidence.
• This is a false dilemma, implying that only one analysis can be correct.

Key Sources

• Kevin Hassett — White House economic advisor
• New York Federal Reserve — Research Institution
• Congressional Budget Office (CBO) — Nonpartisan Government Agency
• CNBC — News Organization
• Eric Revell — Author