White House's Fed assessment

White House Spokesperson Karine Jean-Pierre said that the Fed's latest rate hike will curb inflation. Following the Fed's interest rate decision, White House Spokesperson Karine Jean-Pierre made statements indicating that she trusts the Fed to combat inflation. Jean-Pierre stated in her daily press conference that the Fed is an independent institution and that they respect this independence, while Jean-Pierre said, "The Fed's actions have helped reduce inflation." Stating that demand should slow down and supply should increase with the increase in mortgage rates in the country, Jean-Pierre noted that this will help reduce inflation in the real estate market. Stating that they are currently in the transition process to a more stable economic period, Jean-Pierre emphasized that reducing inflation is the most important part of this.