U.S. Secretary of Commerce 'High interest rate levels make no sense... Need for interest rate reduction'

Secretary Of Commerce Lutnick U.S. Department Of Commerce Takes The Lead In Pressuring The Fed To Lower Interest Rates With President Trump (Source: NYT)

U.S. Secretary Of Commerce Howard Lutnick criticized his country's high interest rate policy and argued for the need to lower interest rates. On The 21st (Local Time), He Mentioned Via X, "America Is Currently Suffering From High Interest Rates. The Current Level Of Interest Rates Is Ridiculous."

Secretary Lutnick Particularly Targeted Federal Reserve (Fed) Chair Jerome Powell, Calling Him "A Person Who Is Afraid Of His Own Shadow," Criticizing Powell's Conservative Monetary Policy Stance.

He Also Refuted Powell's Claim That "Tariffs Are The Reason For The Increase In PC Prices" By Saying, "There Are No Tariffs On PCs." Lutnick Pointed Out That The Department Of Commerce Has Not Yet Released The Analysis Results On Semiconductors And Computer-Related Tariffs, Suggesting That The Current Interest Rate Level Is A Misunderstanding Of The Relationship Between Tariffs And Prices.

This Remark Is Noted As An Example Of Public Pressure For Interest Rate Cuts From Within The Administration While The U.S. Fed Has Been Keeping The Policy Rate Unchanged. In The Current Situation Where Inflation Is Slowing And Economic Uncertainty Coexists, It May Also Affect The Fed's Future Policy Actions.