White House response:
- Hassett directed his criticism at Fed officials not appointed by Trump.
Ongoing6 earlier updates12 days
This story has run 7 times over 12 days, starting Sep 12.
- Consumer prices rose 0.4% in August and 3.4% over the year, lifting September Fed rate hike odds above 80%
- Trump threatens trade cutoff with some nations unless Fed lowers rates despite 3.4% inflation
- Update10-year Treasury yield hit 5.014% Monday, Sept. 14, first time since October 2023
- Federal Reserve is expected to raise its benchmark rate a quarter point on Wednesday, Sept. 16, its first hike in three years.
- UpdateFed raises its benchmark rate a quarter point to 3.75%-4%, its first increase since July 2023
- UpdateChicago Fed's Goolsbee says getting inflation to 2% will be 'painful' and require pushing employment below target
- Fed Governor Michael Barr says more rate increases are likely to counter inflation — this issue
What we’re less sure of2 of 5 claims
Medium
Michael Barr says further rate increases are likely to counter inflation.
Explicitly attributed forecast by Barr, reported by The Hill and Reuters.
Medium
Kevin Hassett characterized inflation as subdued.
The story explicitly attributes this interpretation to White House economic adviser Kevin Hassett.