Subject: Re: A counter-punch at the Fed
It’s I think the worst paper I’ve ever seen in the history of the Federal Reserve system,” Hassett told CNBC on Wednesday. “The people associated with this paper should presumably be disciplined.”

He added: “What they’ve done is they’ve put out a conclusion which has created a lot of news that’s highly partisan based on analysis that wouldn’t be accepted in a first semester econ[omics] class.”

Looks like a lot lot lot of people need to get to that class.

Many studies—not only from Harvard and the Kiel Institute, which Mr. Navarro blithely dismisses, but also the St. Louis Federal Reserve Bank, the Tax Foundation, economists Gita Gopinath and Brent Neiman, and Goldman-Sachs, among others—have examined real-world transactions and found that U.S. companies and consumers are bearing almost all the tariff burden via higher retail prices or input costs
https://www.wsj.com/opinion/wh...

Of course that’s just the Wall Street Journal speaking. What do they know?