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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