U.S. Commerce Secretary Criticizes Federal Reserve's Interest Rate Policy

According to BlockBeats, U.S. Commerce Secretary Lutnick expressed concerns on the X platform about the high interest rates in the United States, describing the country as the greatest in the world yet burdened with the highest rates among leading nations. He criticized the Federal Reserve Chair, suggesting that he is overly cautious. Lutnick highlighted a troubling statement from Federal Reserve Chair Powell, who attributed price increases in certain product categories, such as personal computers, to tariffs. Lutnick pointed out that personal computers currently do not have tariffs, and any tariffs on semiconductors and computers will be announced after the Commerce Department completes its analysis. He concluded by stating that these high interest rates are senseless.