Economic Uncertainty: Tariffs and Federal Reserve Projections

White House National Economic Council Director Kevin Hassett criticized the Federal Reserve's economic modeling on tariffs, expressing dismay over its effectiveness. Federal Reserve Chairman Jerome Powell indicated that sustained tariff increases could lead to inflation, slower economic growth, and higher unemployment rates.

White House National Economic Council Director Kevin Hassett expressed concerns on Fox News' 'The Ingraham Angle' regarding the Federal Reserve's economic modeling, particularly related to tariffs.

Hassett's remarks followed Federal Reserve Chairman Jerome Powell's statement that persistent tariff hikes could result in inflation, a slowdown in economic growth, and rising unemployment.

The discourse highlights ongoing challenges and differing perspectives within U.S. economic policy amid the trade tensions.

(With inputs from agencies.)