White House says it defers to Fed on interest rate decisions -Breaking
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© Reuters. Jen Psaki (White House Press Secretary) holds a press conference at the White House, Washington, U.S.A, on December 10, 2021. REUTERS/Leah MillisWASHINGTON (Reuters), Jen Psaki spoke on Friday for the White House, stating that they will not be influencing the Federal Reserve regarding decisions on whether to raise interest rate.
Psaki answered reporters when asked about whether the Fed might raise rates to fight inflation. He said the Fed is an independent agency that makes its own decisions.
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