White House official harshly criticizes rate hikes: Terrible, the Fed has become politicized!

The Federal Reserve decided on Wednesday to raise interest rates by 25 basis points, and its economic projections seemed to suggest that more tightening policies will appear in the future. This hawkish stance triggered a slight strengthening of the US dollar. However, this decision also sparked dissatisfaction from the White House. White House adviser Peter Navarro sharply criticized the Fed's interest rate hike decision on Wednesday, calling it very bad. He also said that the Federal Reserve has already been politicized under the leadership of former Chairman Powell.