Federal Reserve Bank of Minneapolis President Neel Kashkari has sharply criticized Kevin Hassett over comments about a New York Fed study on tariffs. Kashkari described Hassett's remarks as an attempt to undermine the central bank's independence, raising concerns about political interference in monetary policy decisions.

Hassett, who serves as director of the National Economic Council, had commented on research conducted by the New York Fed regarding the economic impact of tariffs. The New York Fed's analysis has been a key reference point for understanding how trade policies affect inflation and economic growth. Kashkari's forceful response suggests growing tensions between the Federal Reserve and the Trump administration over economic policy analysis.

The dispute highlights the delicate balance between economic policy coordination and maintaining the Fed's autonomy. As the central bank navigates interest rate decisions amid tariff-related economic pressures, any perception of political influence could undermine market confidence in monetary policy independence.