White House Slams Fed Rate Hike as 'Unfortunate'

The White House has expressed disappointment over the Federal Reserve's decision to raise interest rates, labeling it 'unfortunate'. The move was made on Wednesday, September 16, 2026. According to the Fed, the rate hike is aimed at combatting stubbornly high inflation.

In a statement, the White House argued that the decision lacked a 'compelling economic case'. This criticism comes as the Federal Reserve continues its efforts to control inflation, which has been a persistent challenge for the US economy.