U.S. Secretary of Commerce: "U.S. interest rates are too high… Powell is overly cautious"

Howard Lutnick, the U.S. Secretary of Commerce, strongly criticized the nation's high-interest-rate policy and Federal Reserve Chair Jerome Powell.

On the 21st (local time), Lutnick stated on X (formerly Twitter), "The United States is the greatest country in the world, but we bear the highest interest rates among advanced economies," adding, "Chair Powell appears to be so cautious, it's as if he's even afraid of his own shadow."

Lutnick continued, "It was disappointing to hear Powell mention that tariffs have contributed to the price rise of certain items, such as personal computers. In fact, there are currently no tariffs imposed on personal computers—Powell seems unaware of this," he criticized.

He emphasized, "Such high interest rates no longer make sense. This cannot go on any longer."