🇺🇸NEW: Peter Navarro blasts the Fed for hiking rates- “You NEVER raise rates in the teeth of an energy price shock." Senior counsellor for trade and manufacturing to the President argues that Fed should not raise rates while energy prices are surging. “An energy shock is already contractionary, hiking into it is a double tap.” “That was a foolish, foolish decision by somebody who’s supposed to be a smart guy, and to begin his tenure that way is damn foolish. "This will HURT us,” adds the counsellor.