Ed Kalecki

that this silly Fed study neglects to mention.

Hassett said U.S.

consumers will be made better off by tariffs.

The paper published last week by the New York Fed found that nearly 90 percent of the economic burden from tariffs in 2025 was borne by U.S.

companies and consumers.

The New York Fed did not immediately respond to a request for comment.

Axios reports Marco Rubio has been holding secret talks with the grandson and caretaker of Cuba's aging de facto dictator Raul Castro, bypassing official Cuban government channels and putting unprecedented pressure on Havana's regime.

At the Winter Olympics, Michaela Schifrin wins gold in Olympic women's slalom, which breaks her 11-year medal drought at the Winter Games.

The metal count at last check.

Norway leads with 33.

Italy has 25.

The U.S.

is third with 24.

Checking markets, the Dow is up one-tenth of one percent.

NASDAQ is up six-tenths of one percent.

The S&P up four-tenths of one percent.

The 10-year Treasury yield is at 4.07 percent.

The two-year at 3.46 percent.

That's news when you want it with Bloomberg News Now.

I'm Ed Kalecki.