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Bloomberg Television7 min

White House CEA Chair Says Fed Rate Hike Is Premature

Chris Phelan

Interview, Fireside Chat

Amid rising core CPI figures and inflation concerns, Federal Reserve Governor Chris Waller advocated for a 50 basis point rate hike while administration officials urged a cautious wait-and-see approach to avoid overreacting to volatile energy prices. This policy divergence highlights an internal disagreement regarding transparency, with Chairman Powell opposing explicit pre-announced thresholds favored by Waller. Separately, the administration dismissed national security allegations against NVIDIA's CEO and rejected company nationalization, attributing US growth to broad investment incentives rather than direct state intervention.