White House says Fed rate hike will help lower inflation, tame housing market

White House says Fed rate hike will help lower inflation, tame housing market
White House Press Secretary Karine Jean-Pierre holds a press briefing at the White House in Washington

(Reuters) – The U.S. Federal Reserve’s latest move to raise its benchmark interest rate will help to bring down inflation, and a rise in mortgage rates should cool inflation in the housing market, White House press secretary Karine Jean-Pierre said on Wednesday.

(Reporting by Tyler Clifford; Editing by Doina Chiacu)

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