White House senior counselor Peter Navarro appeared on Newsmax on Tuesday, calling for the Federal Reserve’s Board of Governors to bypass Chair Jerome Powell and vote independently to lower interest rates, accusing Powell of repeated policy failures that he said have consistently harmed the U.S. economy.

Navarro, senior counselor for trade and manufacturing, said the U.S. is falling behind global economic trends and warning of a return to 1970s-style stagflation if rates remain too high.

In an interview on “Rob Schmitt Tonight” from the White House, Navarro addressed concerns over inflation, which rose to 2.7% in June from 2.4% in May.

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