Q: Fed raised rates by 75 basis points? WH: part of transition to stable & steady growth


#shorts “Karine, the news just broke. The Fed did raise rates by the 75 basis points. Just following up to see if you did want to share anything now that the news is out. (Laughter.)”

Jean-Pierre: This happens to me all the time up here.

Okay, so I’ll say a couple of things. Again, you know, we see, this President see — our view is that the federal — the Fed is an independent agency, and we respect their independence … This is part of our transition — this is part of our transition to stable and more — a stable and steady growth, as you hear us speak about from our economic team and from — also from myself and from the President. And, again, stable — stable and steady growth with lower inflation. This is the kind of economy that delivers for working families. And that’s how we see the work of the Fed. I’m not going to go into any specifics — any more details from here.

longer version of this clip is here: https://youtu.be/wSu0F3ZG80U
Q: Fed raised rates by 75 basis points? WH: part of transition to stable & steady growth

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