Powell’s Policy Is Causing Serious Economic Damage, Navarro Says

White House trade counselor Peter Navarro says Federal Reserve Chair Jerome Powell’s refusal to lower interest rates is causing “serious economic damage” on the US.

• Navarro calls on the Federal Reserve board to intervene in comments made on Substack post
  • If Powell “will not voluntarily adjust course, the board must act decisively to prevent further economic harm”
• Fed policy has caused lower federal tax revenues, intensified budget deficits and deepened the national debt, he says
• Navarro says American households are feeling “acute financial pain”
• NOTE: Trump Is Already Making the Next Fed Chair’s Job Harder

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