Nick Timiraos(@NickTimiraos):Peter Navarro to Steve Bannon: "Steve, I can't say this enough. If that Federal Reserve raises rates right now, a careless rate hike, it would hit precisely the sectors America needs most to prosper. Factory construction, capital investment, machinery, housing, manufacturing. And I just hope that those clowns over there that Kevin Warsh is trying to gather together and do the right thing, get the picture because I am just not confident and they're just egged on by the financial news press because every time things come out, 'Oh, they're going to raise rates.'"

2026.09.04 20:23

Peter Navarro to Steve Bannon: "Steve, I can't say this enough. If that Federal Reserve raises rates right now, a careless rate hike, it would hit precisely the sectors America needs most to prosper. Factory construction, capital investment, machinery, housing, manufacturing. And I just hope that those clowns over there that Kevin Warsh is trying to gather together and do the right thing, get the picture because I am just not confident and they're just egged on by the financial news press because every time things come out, 'Oh, they're going to raise rates.'"