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US Commerce Secretary: Powell ignores tariff revenue, cutting interest rates by 1% can save hundreds of billions of dollars in interest expenses

According to online reports, U.S. Commerce Secretary Lutnik posted on platform X: "I just listened to the testimony of Federal Reserve Chairman Jerome Powell, who specifically pointed out that rising tariffs may aggravate inflation, as if he had witnessed inflation with his own eyes. But in fact, Bowie testified that in the past two and a half months, this inflationary price increase had not occurred, and inflation was zero, which is why President Trump called Powell a loser because Powell would rather ignore tariff revenue and keep U.S. interest rates at the highest level in the world (for a first-class country) because he was afraid of taking action. For every 1% interest rate cut, the United States saves hundreds of billions of dollars in interest expenses. Powell should reduce the deficit while helping the economy grow. Inflation doesn't exist, and he just proved it."

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