'Monumental Mistake…': Peter Navarro Torches Fed Chair Kevin Warsh over Rate Hikes

'Monumental mistake…': Peter Navarro torches Fed chair Kevin Warsh over rate hikes

White House Senior Counsellor on Trade and Manufacturing Peter Navarro calls the Fed Reserve Board's unanimous vote to increase interest rates by a quarter point a "monumental mistake," citing examples by his predecessors Alan Greenspan and Ben Bernanke, who respectively avoided rate hikes amid an oil shock following Iraq's 1990 invasion of Kuwait and again when Iran detained military vessels in the late 2000s. "For me, it's inexplicable that th…

Peter Navarro: Fed made 'inexplicable' error in raising rates during energy price surge

White House senior counselor Peter Navarro said Thursday that the Federal Reserve made a "monumental mistake" by raising interest rates during an energy price shock.

‘He’s Selling Us Out!’ Peter Navarro Slams Trump’s Handpicked Fed Chair as a ‘Make Recessions Great Again’ Guy

"I see him not as MAGA – I see, let's call him MARA or MASA, like 'make recessions great again.' You know, it's like, or 'make stagflation great again.'" The post ‘He’s Selling Us Out!’ Peter Navarro Slams Trump’s Handpicked Fed Chair as a ‘Make Recessions Great Again’ Guy first appeared on Mediaite.

Big questions remain if the Fed’s rate increase is a one-off or the start of a longer hiking cycle

Chair Kevin Warsh hints that he will support further rate hikes until they become restrictive Read more at The Business Times.

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, 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 said this will...