As the Federal Reserve revealed its latest rate decision Wednesday, a Trump administration senior counselor blasted the central bank for keeping the American Dream out of reach, as other experts reacted to the cut.

"We're a hundred basis points, at least, over where we should be," Trump senior counselor for trade and manufacturing Peter Navarro said on "Mornings with Maria" Wednesday. "That's disequilibrium. It hurts our trade balance. It hurts everybody who's trying to get a mortgage. It's frozen up the housing market."

"It should be 50 [basis points cut] today, and it should be another 50 at the next meeting. That's where it should be," he continued.

The Fed announced its first interest rate cut of the year Wednesday afternoon despite signs of tariffs pushing inflation higher amid r

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