Navarro to Fed: ‘Don’t even think about’ rate hikes
Summary
Peter Navarro, a top adviser to President Donald Trump, warned the Federal Reserve not to increase interest rates. He made this statement during a financial summit in April.Key Facts
- Peter Navarro is a senior adviser to President Donald Trump.
- Navarro spoke at The Hill’s second annual Invest In America Summit.
- He urged the Federal Reserve to avoid raising interest rates.
- Interest rates affect borrowing costs for people and businesses.
- Navarro expressed his view publicly to influence economic policy.
- The warning came in late April during an economic discussion.
- The Federal Reserve sets interest rates to manage the economy.
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