Peter Navarro says Fed’s rate raise is ‘a bad decision’ - The Hill — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Peter Navarro called the Federal Reserve's interest rate increase 'a bad decision,' criticizing the central bank's move in comments covered by The Hill.
- President Trump said he still has confidence in Fed Chair Warsh but demanded that interest rates be cut to 1% or lower, per CNBC.
- Trump publicly lashed out at the Fed after Warsh backed the rate hike, according to Reuters, putting the White House at odds with the central bank even as Trump endorsed the chair.
- Fed Chair Warsh supported the rate increase despite Trump's vocal opposition, a stance the Wall Street Journal framed as a test of his standing with the president.
Why it matters: Trump is endorsing Warsh as Fed Chair while simultaneously demanding he slash rates to 1% — a direct public collision between the White House and the central bank. Warsh's decision to back the hike despite that pressure signals he is willing to defy the president on monetary policy, putting his credibility and independence on the line.
Ask SkimNews
