White House's Hassett says he is dismayed Fed has bad economic modeling on tariffs, Fox News
ReutersMay 7, 2025 11:37 PM
May 7 (Reuters) - White House National Economic Council Director Kevin Hassett on Wednesday told Fox News' 'The Ingraham Angle' program that he was dismayed that the Federal Reserve has bad economic modeling on what might happen with tariffs.
Federal Reserve Chairman Jerome Powell said earlier that if the large increases in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment.
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