The comments clash with a hawkish consensus at the central bank, where Governor Michael Barr recently indicated that further rate hikes are likely needed to hit a 2% inflation target. Following a 25 basis point increase last week, a Fed dot plot shows 16 of 18 officials expect at least one more hike in 2026 to counter persistent price pressures.
Tuesday, October 20, 2026
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White House Targets Non-Trump Fed Officials Over Interest Rates
US Markets27 days ago
The Federal Reserve's preference for restrictive monetary policy is out of step with current economic data, a senior White House official stated Wednesday. The official specifically targeted policymakers who were not appointed by President Donald Trump, arguing that they are seeking to increase interest rates despite inflation that he characterized as subdued.
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