US White House Economic Advisor Hassett on CNBC says consumers have been made better off by US President Trump's tariffs

• Says NY Fed study on tariffs is the worst in history and should be disciplined.
• Thinks' there's plenty of room for the Fed to cut rates even more. 

The comments from White House Economic Advisor Hassett suggest a mixed view on the impact of tariffs, reflecting a potential divergence from mainstream economic studies, which he labels as flawed. His remark about the Federal Reserve having room to cut rates further signals a dovish stance that could influence market expectations for monetary policy, likely supporting equities and exerting downward pressure on the USD in favor of riskier assets.