Peter Navarro, White House trade adviser under former President Donald Trump, has publicly criticized Federal Reserve Chair Jay Powell for maintaining current interest rates. Navarro argues that Powell's decision to hold rates is causing serious economic harm, including lost revenue and higher interest payments, which he says are inflicting acute financial pain on Americans. Navarro has called for intervention by the Federal Reserve Board to counter Powell's stance. Additionally, Navarro labeled Powell as the "worst Fed chair in history" and accused the Federal Reserve of being overly politicized, with board members exhibiting strong anti-Trump biases. These comments reflect ongoing tensions regarding the Federal Reserve's monetary policy approach.
WATCH: White House trade czar Peter Navarro said the Federal Reserve was too politicized and that members of the board were excessively anti-Trump. https://t.co/ODHtaMrkQB https://t.co/gIIBKUu8rK
WATCH: White House trade czar Peter Navarro called Federal Reserve Chair Jay Powell the “worst Fed chair in history” during the Hill Nation Summit. https://t.co/ODHtaMrkQB https://t.co/ZYE2jG5vNk
Trump is ‘extremely troubled’ by Fed’s approach, per FORTUNE