Gov. JB Pritzker (D-IL) criticized the Federal Reserve’s decision to raise its interest rate range, warning that the move would increase costs for Americans through expenses including credit-card bills and new-car loans. In posts on X on Wednesday, September 16, 2026, Pritzker called the hike a consequence of what he described as Donald Trump’s "war of choice" and labeled the economy a "catastrophic failure." He also said Trump’s Iran war had cost Americans $107,000,000,000 more in gasoline and diesel expenses, contrasting that with Trump’s promise to lower prices on day one. Trump’s Trade Adviser Peter Navarro criticized Fed Chair Kevin Warsh over the rate increase, arguing that tightening policy during energy uncertainty would hurt the U.S. economy. Iran’s Parliament Speaker mocked the decision, saying it would do little to counter inflation linked to uncertainty around the Strait of Hormuz. Gov. Gavin Newsom (D-CA) separately accused the Trump administration of making California a scapegoat for elevated U.S. gasoline and diesel prices. Energy Secretary Chris Wright had criticized California for importing oil from Iraq, saying that raised national security concerns.