Latest Fed Rate Hike Wasn't Justified, CEA's Phelan Argues
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White House Council of Economic Advisers Chairman Chris Phelan says that inflation is coming down sufficiently fast. Speaking on "Bloomberg The Close," Phelan also adds that he doesn't think the Federal Reserve's last interest rate hike was justified. (Source: Bloomberg)
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https://www.bloomberg.com/news/videos/2026-10-02/latest-fed-rate-hike-wasn-t-justified-cea-s-phelan-says-video
