White House official calls on Fed to further reduce interest rates

White House trade advisor Peter Navarro has urged the Federal Reserve to further reduce interest rates at future meetings to strengthen the US economy in the context of a trade war with China. He did not give more details.

At its last meeting, the Fed decided to reduce its interest rates by 25 basis points, or 0.25%, in light of weak US economic data, mainly from inflation and the US dollar. economic growth, and persistent concerns about external tensions and their impact on the US economy.