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Peter Navarro says Fed’s rate raise is ‘a bad decision’

White House adviser Peter Navarro on Wednesday blasted the Federal Reserve’s move to raise interest rates in several years, calling it “a bad decision.” The central bank’s Federal Open Market Committee (FOMC), led by Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. Warsh…

Trump blames Fed board, not Warsh, for rate hikes

President Trump on Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I’m relying on Kevin, but he’s got a very tough board,” Trump told reporters after landing in North Carolina. “He’s got a board that was put there by a lot of other people.” “I told Kevin,…

Friday, October 16, 2026

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