Kashkari Rips Hassett Criticism of NY Fed Tariff Analysis

Federal Reserve Bank of Minneapolis President Neel Kashkari said recent comments by National Economic Council Director Kevin Hassett critical of a New York Fed study on tariffs undermine the central bank’s independence.

“This is just another step to try to compromise the Fed’s independence,” Kashkari said Thursday at an event in Fargo, North Dakota, of Hassett’s remarks. “Over the last year we’ve seen multiple attempts to try to compromise the Fed’s independence.” He added, “It’s really about monetary policy.”