On Tuesday’s broadcast of Newsmax TV’s “Rob Schmitt Tonight,” White House Senior Counselor for Trade and Manufacturing Peter Navarro stated that the June inflation number “was a good number” because “it was below expectations, which I think is the key figure.”
Host Rob Schmitt asked, “I want to talk inflation for a second. 2.7, the annual rate for June. That is up from 2.4, May, 2.3, April, the months prior. What’s your response to that? I know the White House still says we’re under three, that’s good. But it’s moving in that direction that, in a way, I think, some people would say, vindicates some of Jerome Powell’s concerns.”
Navarro responde…
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