White House Trade Advisor Navarro: Fed costing US a full point of GDP growth

Omkar Godbole FXStreet Contributor

White House trade advisor Peter Navarro reportedly said during an interview that the Federal Reserve is costing the US a full point of gross domestic product (GDP) growth.

The Fed cut rates by 25 basis points on Wednesday and kept the doors open for more easing in the near-term.

President Trump, however, was rooting for a 50 basis point rate. Trump wants the Fed to embark on a full-blown easing cycle and has repeatedly criticized the Fed for keeping the interest rates high.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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