White House Spokesperson: Fed Rate Hike 'Quite Unfortunate'
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On September 17, Cailian Press reported that White House spokesperson Kush Desai expressed strong disapproval of the Federal Reserve's latest monetary policy decision. Desai characterized the Fed's decision to raise interest rates as 'quite regrettable' and 'quite unfortunate.' The statement reflects the Biden administration's dissatisfaction with the central bank's tightening cycle, which aims to combat inflation but risks slowing economic growth. The Fed's rate hike is part of its ongoing efforts to curb persistent price pressures, though the White House has previously signaled concerns about the impact on borrowing costs and the broader economy. Desai's remarks underscore the tension between the executive branch and the independent central bank over the pace and magnitude of monetary tightening.
Source report
Cailian Press, Sept. 17 — White House spokesperson Kush Desai described the Federal Reserve's latest decision as "quite regrettable," calling the rate hike "quite unfortunate."
Source
财联社Eastern
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White House calls Federal Reserve rate hike ‘quite regrettable,’ lacking economic justification