Trump advisor Peter Navarro slams the Fed as the biggest risk to US economic growth [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters White House advisor Peter Navarro — just hours after President Donald Trump blasted the Federal Reserve — doubled down Monday, singling out the central bank as the biggest threat to U.S. economic growth. Appearing on CNBC's Squawk on the Street, Navarro said the Fed should pause its interest rate hikes — not because growth is slowing, but because growth is strong with barely any inflation. We have zero inflation for all practical purposes and strong economic growth, Navarro told CNBC's Rick Santelli . The only argument I'm hearing for the Fed to raise rates now is somehow they have to exert their independence. There are also calls from Wall Street for the Fed to stop hiking, but for reasons in sharp contrast with the administration's views, such as mounting evidence of pockets of weakness, particularly in housing. The president, who has repeatedly slammed Fed Chairman Jerome Powell for increasing rates, tweeted Monday
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CMCSA
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