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PN

Peter Navarro

Republican

Senior Counselor for Trade and Manufacturing

Senior Counselor to the President for Trade and Manufacturing in the second Trump administration; previously director of the Office of Trade and Manufacturing Policy in the first Trump administration.

Statements (1)

Re: The Fed Raises Rates for the First Time Since 2023 as Trump's Own Chair Says "The Plain Fact Is That Inflation Is Too High and Has Been for Too Long" — Trump Answers That Rates "Should Be 1%, or Less," Calls the Board "a Bunch of Politicians," and Says He Told Kevin Warsh "You Might as Well Vote With the Board," While Elizabeth Warren Calls Warsh Trump's "Sock Puppet"

Sep 17, 2026

“
It’s a monumental mistake. … When the Fed raises rates on top of an energy price shock, it runs the very real risk of an overreaction in driving the economy down into a recession or worse. … It is inexplicable that the Fed and Kevin Warsh do not understand that history. [What the Fed is doing is] ahistorical and bad economics.

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