National Economic Council Director Kevin Hassett said Wednesday that researchers at the New York Federal Reserve who produced a study finding American businesses and consumers are shouldering 90% of the cost of President Donald Trump’s tariffs should be “disciplined.

By Howard Schneider and Ann Saphir Feb 20 (Reuters) - The Supreme Court's ruling against a broad set of the Trump administration's tariffs poses new questions for Federal Reserve policymakers who have spent the last year trying to understand how the president's sharply higher import taxes would affect inflation and the economic trajectory.