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Commerce Secretary Howard Lutnick is taking a bold stand against Federal Reserve Chair Jerome Powell’s interest rate policies. Lutnick says Powell’s failure to cut rates is hurting America while other countries benefit from lower borrowing costs. He argues the U.S. suffers the highest rates among top economies despite being the strongest nation.
Lutnick blasted Powell for being “afraid of his own shadow” by keeping rates frozen between 4.25% and 4.5%. He called it economic malpractice that Powell refuses to act despite zero inflation and booming factories. The Commerce Secretary sees no excuse for Powell’s inaction when America is clearly winning.
Massive tariff revenue proves America’s economic strength under Trump’s policies. The U.S. government collects over $30 billion monthly from tariffs, reducing borrowing needs. This windfall shows Trump’s trade policies are working while Powell sits on his hands.
Powell wrongly blamed tariffs for price hikes, showing how out of touch he is. Lutnick corrected Powell’s false claim about computer tariffs, pointing out no such tariffs currently exist. This proves the Fed chair is inventing excuses instead of cutting rates.
Every day Powell delays rate cuts steals $1 trillion annually from taxpayers through debt payments. Keeping rates high is like burning American money that could fuel growth and jobs. Powell’s stubbornness directly hurts working families’ wallets.
Lutnick stands firmly with President Trump’s demand for immediate rate reductions. He accuses Powell of ignoring clear economic facts while Trump’s policies deliver real results. The Fed Chair’s excuses can’t hide his failure to support American prosperity.
High interest rates make America the world’s sucker while other nations borrow cheaply. Why should hardworking Americans pay more when we’re the strongest economy? Powell’s timid leadership is unpatriotic and un-American.
It’s time for new leadership at the Fed that puts America first. Powell must go for costing taxpayers billions and holding back our economy. Let Trump’s tariff wins power the next boom without Powell’s sabotage.
