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US Commerce Secretary Urges Powell to Cut Interest Rates: US Cannot Bear Highest Rates Among First-Class Nations, Makes No Sense
Summary: In a recent post, US Commerce Secretary Lutnick urged on X platform that the US, as the greatest country in the world, is burdened with the highest interest rates among all first-class nations. Our Fed Chair seems to be afraid of his own shadow. The truly distressing aspect of Powell's remarks is that he claims ...
In a recent post, US Commerce Secretary Lutnick urged on X platform that the US, as the greatest country in the world, is burdened with the highest interest rates among all first-class nations. Our Fed Chair seems to be afraid of his own shadow.
The truly distressing aspect of Powell's remarks is that he claims tariffs have led to price increases in certain product categories, such as personal computers. One would think Powell should know that personal computers are not subject to tariffs. Not yet. Tariffs on semiconductors and computers will be announced after analysis by the Commerce Department.
These high interest rates make no sense.
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Link: US Commerce Secretary Urges Powell to Cut Interest Rates: US Cannot Bear Highest Rates Among First-Class Nations, Makes No Sense [Copy]
