White House Adviser Yared Defends Hassett Criticism of Fed Study
White House economic adviser Yared has defended the criticism of a recent Federal Reserve study on tariffs by fellow adviser Hassett. The study found that U.S. tariffs have cost households an average of $831 per year. Hassett had criticized the study, arguing that it used flawed methodology. Yared echoed Hassett's stance, rejecting the idea that the criticism represented an attack on the Fed's independence. He maintained that the administration has the right to provide feedback on the central bank's research, while emphasizing that the relationship between the White House and the Fed remains strong. The dispute underscores the ongoing tensions between the Trump administration and the Fed over economic policies, particularly regarding the impact of tariffs on American consumers.
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