U.S. Commerce Secretary: Powell ignores tariff revenue, 1% rate cut can save hundreds of billions of dollars in interest expenses

Odaily Planet Daily News: U.S. Commerce Secretary Lutnick posted on the X platform: "I just listened to the testimony of Federal Reserve Chairman Jerome Powell again. He specifically pointed out that rising tariffs may exacerbate inflation, as if he had witnessed inflation with his own eyes. But in fact, Powell testified that in the past two and a half months, this inflationary price increase has not occurred, and the inflation rate is zero. This is why President Trump called Powell a loser, because Powell would rather ignore tariff revenue and keep U.S. interest rates at the highest level in the world (for a first-class country) because he is afraid to take action. For every 1% interest rate cut, the United States can save hundreds of billions of dollars in interest expenses. Powell should reduce the deficit while helping economic growth. Inflation does not exist at all, he just proved it."