Commerce Secretary Howard Lutnick Uses Tariff 'Windfall' to Pressure Jerome Powell

US Commerce Chief Urges Fed to Cut Rates Amid High Tariff Revenue and Low Inflation

Commerce Secretary Pushes for Rate Cuts Amid Tariff Windfall Howard Lutnick, the US Commerce Secretary, took to X this week with a lengthy post arguing that the Federal Reserve should cut interest rates—and soon. His reasoning? The government’s haul from tariffs, which he says is pulling in more than $30 billion a month. That kind of cash, Lutnick claims, is easing the Treasury’s need to borrow. And with inflation seemingly in check, he thinks t…

Lutnick Calls for Rate Cuts Amid $30 Billion Tariff Boom, Fed Stays Cautious - Blockonomi

TLDR: U.S. tariff collections hit $23B in May, pushing monthly total past $30B Lutnick claims tariff income supports rate cuts by easing the federal deficit Powell warns tariffs could fuel inflation, urges caution on lowering rates Online critics argue tariffs raise consumer costs and don’t cut deficits The US government is now collecting over $30 billion each month from tariffs, according to Commerce Secretary Howard Lutnick.  This figure come…

Commerce Secretary Howard Lutnick Uses Tariff 'Windfall' to Pressure Jerome Powell

Howard Lutnick stated that the US government is collecting over $30 billion per month in tariff revenue Jerome Powell is currently taking a wait-and-see stance on rate cuts In May, there was a record in US customs receipts – $23 billion US Commerce Secretary Howard Lutnick shared a lengthy X post about interest rates, urging the central bank to lower them. He stated that the US government is collecting over $30 billion per month in tariff revenu…