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Commerce Secretary Calls for Fed Chair Jerome Powell to Resign Amid Rate Cut Dispute
Commerce Secretary Calls for Fed Chair Jerome Powell to Resign Amid Rate Cut Dispute
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BTCCSquare news:
US Commerce Secretary Howard Lutnick has publicly demanded the resignation of Federal Reserve Chair Jerome Powell, citing dissatisfaction with the central bank's interest rate policy. In a Fox News interview, Lutnick argued that current rates are unjustifiably high for the world's leading economy, echoing criticisms previously voiced by former President Donald Trump.
The Fed's reluctance to cut rates stems from concerns about inflationary pressures, particularly from trade tariffs. This policy stance has drawn increasing political fire, with Powell now facing a DOJ referral over alleged perjury charges from Congresswoman Anna Paulina Luna.
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