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US Secretary of Commerce: Interest rates should be lower; economic growth this quarter could reach 6% if rates are cut

US Secretary of Commerce: Interest rates should be lower; economic growth this quarter could reach 6% if rates are cut

金色财经金色财经2026/01/20 18:54
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According to Jinse Finance, citing foreign media, U.S. Commerce Secretary Howard Lutnick stated on Tuesday that he expects the U.S. GDP growth rate to exceed 5% in the first quarter of 2026. However, he also pointed out that the current U.S. interest rates are too high, which is restraining stronger economic growth. Speaking at the World Economic Forum Annual Meeting in Davos, Switzerland, Lutnick said: "Our interest rates should be lower so that the economy can truly prosper. I believe this quarter's GDP will grow by more than 5%, which is quite significant for the $3 trillion U.S. economy." He added, "If interest rates were lower, the growth rate could even reach 6%. What is currently holding us back is our own policy." It is worth noting that Lutnick's growth forecast is his personal view and is higher than the expectations of U.S. Treasury Secretary Bessent, who stated in Davos that the actual U.S. GDP growth rate in 2026 may be between 4% and 5%.

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