US Commerce Secretary predicts 6% economic growth rate during Trump's administration, criticizes Powell for maintaining high interest rates
Jinse Finance reported that U.S. Secretary of Commerce Howard Lutnick once again criticized Federal Reserve Chairman Jerome Powell in an interview with CNBC, accusing him of keeping interest rates too high. Lutnick stated, "Interest rates should be lower. Jay Powell acted too late, and maybe he's too afraid—too afraid to lead this $30 trillion global economy. We should be proactive, not timid, as if something bad is going to happen. We're doing well, greatness is happening. Our GDP has grown by 4%." At the same time, he also predicted that the economic growth rate during Trump's administration would reach 6%. "Lower interest rates and reduce energy consumption, and we can achieve economic growth and save America."
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