Lutnick opposed Powell’s decision to hold rates, saying he was “obviously afraid of his own shadow”

US Interest Rates: Shocking Criticism From Commerce Secretary Howard Lutnick

BitcoinWorld US Interest Rates: Shocking Criticism from Commerce Secretary Howard Lutnick In the dynamic world of finance and cryptocurrency, understanding the macroeconomic landscape is crucial. Decisions made by key economic leaders can send ripples across all markets. Recently, a significant divergence in opinion emerged from within the U.S. government regarding the state of the US economy and the policies guiding it. What Did Howard Lutnick …

Lutnick opposed Powell’s decision to hold rates, saying he was “obviously afraid of his own shadow”

U.S. Secretary of Commerce Howard Lutnick, on June 21st, opposed the Fed’s decision to hold rates at 4.25%-4.5%, saying that Chair Jerome Powell was “obviously afraid of his own shadow” for not reducing interest rates due to some “unknown future.” Howard believes the U.S. “suffers” the highest rates of any first-class country, which makes no sense. Secretary Lutnick sarcastically noted Powell’s ignorance about Trump’s tariffs, saying it was “sad…