Peter Navarro says Fed’s rate raise is ‘a bad decision’

White House adviser Peter Navarro blasted the Federal Reserve's move to raise interest rates, calling it "a bad decision." The FOMC, led by Fed Chair Kevin Warsh, voted unanimously to increase the benchmark rate to a range of 3.75% to 4%. This marks the first hike since 2023, escalating tensions between the administration and the central bank.