Scott Galloway Defends Fed Rate Hike Following Trump Criticism

Scott Galloway weighed in on President Donald Trump’s criticism of the Federal Reserve's latest interest rate hike, arguing that the central bank took necessary action to counter inflation risks.
Galloway noted that the unanimous 12-0 vote among Fed policymakers provides Chairman Kevin Warsh with critical institutional backing against political pressure, stating that broad consensus among voting members makes the decision difficult to dismiss.