Hassett says authors of New York Fed tariff study should be disciplined: 'Worst paper I've ever seen'

White House National Economic Council Director Kevin Hassett sharply criticized the authors of a New York Federal Reserve tariff study, calling for disciplinary action against the researchers and denouncing the paper as 'the worst paper I've ever seen,' claiming they ignored crucial elements of how tariff duties function in the economy. Hassett's unusually strong condemnation of the New York Fed research came amid ongoing debates about the economic impacts of trade policies, with the NEC director specifically alleging that the central bank researchers failed to adequately account for how tariffs affect domestic production, consumer prices, and international supply chains. This criticism reflects the administration's continued support for protectionist trade measures despite traditional economic consensus on the potential negative effects of such policies, with the New York Fed study reportedly examining the economic effects of recent tariff implementations and potentially reaching conclusions contrary to the administration's trade policy positions.