White House trade adviser Peter Navarro said Federal Reserve Chair Jerome Powell is "inflicting serious damage" on the U.S. economy by keeping interest rates unchanged, arguing the policy is generating lost revenue and higher borrowing costs that are causing Americans "acute financial pain." Navarro called on the Federal Reserve’s Board of Governors to intervene and reverse Powell’s stance, contending the chair’s position is preventing the administration’s economic agenda—referred to by Navarro as "Trumponomics"—from taking hold. The remarks escalate the administration’s public pressure on the independent central bank as officials debate whether current monetary settings are restraining growth. The Fed most recently left its benchmark rate steady, citing still-elevated inflation.