TREE NEWS update: White House spokesperson Kush Desai said the Federal Reserve’s rate decision on September 16 was “quite regrettable” from the government’s perspective, adding it had no particularly convincing economic basis. Asked whether President Trump still believes in the Fed chair’s independence, Desai answered: “Of course.” The Fed earlier raised rates by 25 basis points as expected, with the dot plot showing a more hawkish tilt.
White House Calls Fed Rate Hike ‘Quite Regrettable’
The notable signal here is the White House openly criticizing a Fed decision while simultaneously affirming the chair's independence — a tension that markets will read as political pressure on monetary policy rather than a substantive economic objection. The dot plot's hawkish tilt suggests the committee itself sees a higher-for-longer path, which matters for rate-sensitive sectors including crypto and tokenized real assets. The open question is whether this criticism remains rhetorical or starts shaping expectations around the Fed's next moves.
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