Fact

Donald J. Trump

Transcripts White House Calendar White House Press Releases

Press Briefing: Peter Navarro Speaks to Reporters Outside the White House - September 17, 2026

StressLens

6 Topics

10 Entities

Moderation

2 Speakers

Topics

Economy, Business and Finance > Economy Science and Technology > Social Sciences > Economics Economy, Business and Finance > Economy > Macro Economics > Inflation Economy, Business and Finance > Economy > Macro Economics > Central Bank Politics > Government Policy > Economic Policy Economy, Business and Finance > Economy > Macro Economics > Recession

Entities

Alan Greenspan

Ben Bernanke

decision

energy price shock

energy price shocks

Kevin Warsh

manufacturing

piece

rates

senior counselor

Moderation

No moderation found

Speakers

Peter Navarro

Peter Navarro said 21 sentences of a total of 22 sentences.

96%

Peter Navarro said 360 words of a total of 363 words.

100%

Peter Navarro talked 170 seconds of a total of 174 seconds.

98%

Question

Question said 1 sentences of a total of 22 sentences.

Question said 3 words of a total of 363 words.

Question talked 4 seconds of a total of 174 seconds.

Full Transcript

Peter Navarro

00:00:00-00:00:39 (39 sec)

No Signal (0)

You good? Hey, Peter Navarro here at the White House. I'm the senior counselor, uh, for trade and manufacturing. Um, there's a piece in RealClearMarkets today I'd ask you to read, uh, on why the Federal Reserve decision yesterday to raise rates was a monumental mistake. The rule formulated by Alan Greenspan and Ben Bernanke, the Greenspan Bernanke rule, is that you never raise interest rates into the teeth of an energy price shock, which is what Warsh and the Fed did yesterday.

Sentiment

Topics

Topic:

Economy, Business and Finance > Economy

Score:

0.744

Code:

20000344

Url:

https://cv.iptc.org/newscodes/mediatopic/20000344

Wikidata_id:

Q159810

Wikidata_label:

economy

Source:

IPTC Media

Topic:

Economy, Business and Finance > Economy > Macro Economics > Central Bank

Score:

0.654

Code:

20000350

Url:

https://cv.iptc.org/newscodes/mediatopic/20000350

Wikidata_id:

Q66344

Wikidata_label:

central bank

Source:

IPTC Media

Topic:

Economy, Business and Finance > Products and Services > Financial Service > Banking

Score:

0.536

Code:

20000274

Url:

https://cv.iptc.org/newscodes/mediatopic/20000274

Wikidata_id:

Q806718

Wikidata_label:

banking industry

Source:

IPTC Media

Topic:

Science and Technology > Social Sciences > Economics

Score:

0.536

Code:

20000745

Url:

https://cv.iptc.org/newscodes/mediatopic/20000745

Wikidata_id:

Q8134

Wikidata_label:

economics

Source:

IPTC Media

Readability

Flesch-Kincaid Grade

9.1

Flesch-Kincaid Ease

59.5

Gunning-Fog Score

11.5

Coleman-Liau Index

11.4

SMOG Index

Automated Readability Index

8.6

Dale-Chall Readability Score

5.8

Sprache Readability Score

Dale-Chall Difficult Word Score

Sprache Difficult Word Count

Peter Navarro

00:00:39-00:01:12 (34 sec)

No Signal (0)

And the reason you don't do that is because energy price shocks take money out of your pocket, add expenses to businesses, and they effectively act as a tax. In effect, they do the work of a rate hike to control inflation. And so when the Fed raises rates on top of an energy price shock, it runs the very real risk of an overreaction and driving the economy down into a recession or worse.

Sentiment

Topics

Topic:

Economy, Business and Finance > Economy

Score:

0.835

Code:

20000344

Url:

https://cv.iptc.org/newscodes/mediatopic/20000344

Wikidata_id:

Q159810

Wikidata_label:

economy

Source:

IPTC Media

Topic:

Science and Technology > Social Sciences > Economics

Score:

0.631

Code:

20000745

Url:

https://cv.iptc.org/newscodes/mediatopic/20000745

Wikidata_id:

Q8134

Wikidata_label:

economics

Source:

IPTC Media

Topic:

Economy, Business and Finance > Economy > Macro Economics > Inflation

Score:

0.556

Code:

20000370

Url:

https://cv.iptc.org/newscodes/mediatopic/20000370

Wikidata_id:

Q35865

Wikidata_label:

inflation

Source:

IPTC Media

Topic:

Economy, Business and Finance > Economy > Macro Economics > Recession

Score:

0.524

Code:

20000383

Url:

https://cv.iptc.org/newscodes/mediatopic/20000383

Wikidata_id:

Q176494

Wikidata_label:

recession

Source:

IPTC Media

Readability

Flesch-Kincaid Grade

11.2

Flesch-Kincaid Ease

59.6

Gunning-Fog Score

14.8

Coleman-Liau Index

8.4

SMOG Index

Automated Readability Index

10.4

Dale-Chall Readability Score

Sprache Readability Score

Dale-Chall Difficult Word Score

Sprache Difficult Word Count

Peter Navarro

00:01:12-00:01:41 (29 sec)

No Signal (0)

Um, what I would challenge the Fed on is this, and, and Chairman Warsh in particular, the history is clear. 1990, we had an energy price shock because of a war in the Middle East. Alan Greenspan did not raise interest rates and eventually lowered them because he understood that the energy price shock depressed purchasing power and was contractionary by its very nature.

Sentiment

Topics

Topic:

Economy, Business and Finance > Economy

Score:

0.717

Code:

20000344

Url:

https://cv.iptc.org/newscodes/mediatopic/20000344

Wikidata_id:

Q159810

Wikidata_label:

economy

Source:

IPTC Media

Topic:

Economy, Business and Finance > Economy > Macro Economics > Central Bank

Score:

0.574

Code:

20000350

Url:

https://cv.iptc.org/newscodes/mediatopic/20000350

Wikidata_id:

Q66344

Wikidata_label:

central bank

Source:

IPTC Media

Topic:

Economy, Business and Finance > Products and Services > Financial Service > Banking

Score:

0.536

Code:

20000274

Url:

https://cv.iptc.org/newscodes/mediatopic/20000274

Wikidata_id:

Q806718

Wikidata_label:

banking industry

Source:

IPTC Media

Topic:

Science and Technology > Social Sciences > Economics

Score:

0.536

Code:

20000745

Url:

https://cv.iptc.org/newscodes/mediatopic/20000745

Wikidata_id:

Q8134

Wikidata_label:

economics

Source:

IPTC Media

Readability

Flesch-Kincaid Grade

10.8

Flesch-Kincaid Ease

55.6

Gunning-Fog Score

14.2

Coleman-Liau Index

11.4

SMOG Index

Automated Readability Index

Dale-Chall Readability Score

5.3

Sprache Readability Score

Dale-Chall Difficult Word Score

Sprache Difficult Word Count

Peter Navarro

00:01:41-00:02:16 (35 sec)

No Signal (0)

And that policy was very successful. 2007, 2008, eerily similar to today, we had Iran threatening to destroy Israel. We had Iran refusing to not develop nuclear weapons. And, uh, we had, um, Iran grabbing ships in the Strait of Hormuz. Back then, that was '06, '07. Uh, uh, energy prices spiked, Bernanke held firm.

Sentiment

Topics

Topic:

Conflict, War and Peace

Score:

0.67

Code:

16000000

Url:

https://cv.iptc.org/newscodes/mediatopic/16000000

Wikidata_id:

Q198

Wikidata_label:

war

Source:

IPTC Media

Topic:

Economy, Business and Finance > Products and Services > Energy and Resource

Score:

0.553

Code:

20000256

Url:

https://cv.iptc.org/newscodes/mediatopic/20000256

Wikidata_id:

Q2151621

Wikidata_label:

energy industry

Source:

IPTC Media

Topic:

Politics > Government > Defence > Military Equipment > Military Weaponry

Score:

0.543

Code:

20000602

Url:

https://cv.iptc.org/newscodes/mediatopic/20000602

Source:

IPTC Media

Topic:

Conflict, War and Peace > Armed Conflict

Score:

0.536

Code:

20000056

Url:

https://cv.iptc.org/newscodes/mediatopic/20000056

Wikidata_id:

Q350604

Wikidata_label:

armed conflict

Source:

IPTC Media

Topic:

Science and Technology

Score:

0.536

Code:

13000000

Url:

https://cv.iptc.org/newscodes/mediatopic/13000000

Wikidata_id:

Q34104

Wikidata_label:

science and technology

Source:

IPTC Media

Readability

Flesch-Kincaid Grade

5.4

Flesch-Kincaid Ease

72.9

Gunning-Fog Score

9.5

Coleman-Liau Index

8.7

SMOG Index

10.3

Automated Readability Index

2.8

Dale-Chall Readability Score

7.1

Sprache Readability Score

3.6

Dale-Chall Difficult Word Score

Sprache Difficult Word Count

Peter Navarro

00:02:16-00:02:50 (33 sec)

No Signal (0)

He didn't raise rates, and he didn't do it for the same reason Greenspan did. So for, for me, this, it's inexplicable that the Fed and Kevin Warsh does not understand that history. Um, I would urge everybody watching this to go to RealClearMarkets now, see my article on this, and then let's have the, the, the Fed chair and the Fed explain to the American people what it's doing, because what it's doing is a historical and bad economics. Thanks for listening.

Sentiment

Topics

Topic:

Economy, Business and Finance > Economy

Score:

0.717

Code:

20000344

Url:

https://cv.iptc.org/newscodes/mediatopic/20000344

Wikidata_id:

Q159810

Wikidata_label:

economy

Source:

IPTC Media

Topic:

Politics > Government

Score:

0.581

Code:

20000593

Url:

https://cv.iptc.org/newscodes/mediatopic/20000593

Wikidata_id:

Q7188

Wikidata_label:

government

Source:

IPTC Media

Topic:

Economy, Business and Finance > Economy > Macro Economics > Central Bank

Score:

0.574

Code:

20000350

Url:

https://cv.iptc.org/newscodes/mediatopic/20000350

Wikidata_id:

Q66344

Wikidata_label:

central bank

Source:

IPTC Media

Topic:

Economy, Business and Finance > Products and Services > Financial Service > Banking

Score:

0.536

Code:

20000274

Url:

https://cv.iptc.org/newscodes/mediatopic/20000274

Wikidata_id:

Q806718

Wikidata_label:

banking industry

Source:

IPTC Media

Readability

Flesch-Kincaid Grade

9.8

Flesch-Kincaid Ease

61.4

Gunning-Fog Score

12.2

Coleman-Liau Index

9.7

SMOG Index

Automated Readability Index

9.3

Dale-Chall Readability Score

3.9

Sprache Readability Score

4.8

Dale-Chall Difficult Word Score

Sprache Difficult Word Count

Question

00:02:50-00:02:53 (4 sec)

No StressLens

Thank you, sir.

Sentiment

Readability

Flesch-Kincaid Grade

Flesch-Kincaid Ease

100

Gunning-Fog Score

1.2

Coleman-Liau Index

5.7

SMOG Index

3.3

Automated Readability Index

Dale-Chall Readability Score

0.1

Sprache Readability Score

1.1

Dale-Chall Difficult Word Score

Sprache Difficult Word Count