U.S. Secretary of Commerce Criticizes Federal Reserve Again: Interest Rates Too High, Powell's Actions Too Slow

【Bitcoin Push】US Secretary of Commerce Howard Lutnick criticized again today on a TV program, this time directly targeting Federal Reserve Chairman Jerome Powell — he believes that the current interest rate level is simply too high.

Lutnick bluntly said that Powell’s actions are too slow, possibly because he is afraid to make decisions. After all, this is an economy with a scale of 30 trillion dollars, requiring decisive leadership. He emphasized that proactive measures should be taken now, rather than pulling back as if something serious is wrong with the economy. What is the actual situation? GDP has just increased by 4%, and the outlook is very good.

Even more interesting, he also made a bold prediction: during the current administration’s term, the economic growth rate could reach 6%. His simple remedy is to cut interest rates and lower energy costs, which would naturally boost the economy.

Behind this tough stance, there actually reflects the government’s dissatisfaction with the direction of monetary policy. Interest rates directly affect the cost of funds, which has a chain reaction on the stock market, bond market, and even the crypto market.