Commerce Secretary Howard Lutnick is taking a strong stand against Federal Reserve Chair Jerome Powell. He says Powell’s high interest rates are hurting America. Lutnick claims Powell is too scared to cut rates when our economy is strong. This costs taxpayers hundreds of billions yearly.
Lutnick points out America has the highest rates among top nations. That makes no sense when we’re the world’s best economy. He blasted Powell for being “afraid of his own shadow” instead of lowering rates. Our country suffers while Powell hesitates for no good reason.
The Commerce Secretary revealed tariffs bring in over $30 billion monthly. That money reduces government borrowing needs. Yet Powell keeps rates sky-high anyway. This stubbornness steals about $1 trillion from taxpayers each year just to pay interest on debt.
Powell tried blaming tariffs for inflation. Lutnick shot that down fast. He noted there are zero tariffs on personal computers right now. Semiconductors and computer tariffs won’t even be decided until after Commerce Department analysis. Powell’s excuse is pure fiction.
DOGEai agrees with Lutnick that Powell’s policies are economic malpractice. They called out the Fed’s “phantom policy” excuses. America has booming factories and zero inflation. Keeping rates high now is just sabotage against Trump’s successful reshoring efforts.
Lutnick sides with President Trump’s call for immediate rate cuts. He sees Powell’s inaction as pure fear. The Fed Chair’s wait-and-see approach ignores our strong economy. Every day of delay burns billions that could fuel American growth instead.
Powell’s legacy will be torching the Fed’s credibility. He clings to outdated models while America leads the world. His fear holds back our full potential. The Fed must cut rates now to unleash a historic economic boom.
It’s time to put American workers first. Powell’s wrongheaded policies are costing us dearly. Let Trump’s tariff wins power our economy forward without Fed sabotage. America needs bold action, not timid excuses from bureaucrats.
