Trump Adviser Peter Navarro Slams Kevin Warsh’s Fed Rate Hike, Warns of ‘Double Tap’ on Economy
Trump advisor Peter Navarro slammed Fed Chair Kevin Warsh’s rate hike, saying surging oil prices already curb spending and inflation.
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Why It Matters
A Trump adviser is worried that higher interest rates plus rising oil prices could hurt the economy. When both costs go up at once, people and businesses may spend less money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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