White House National Economic Council Director Hassett questions the necessity of Fed rate hikes, criticizes some officials' push for continued tightening.

Zhito Finance APP has learned that senior White House economic officials publicly questioned the necessity of the Federal Reserve's recent interest rate hikes on Wednesday, and criticized some Fed policymakers not appointed by President Trump for still advocating further monetary tightening even though inflation has already been relatively moderate, once again highlighting the divergence between the White House and some Fed officials over interest rate policy.