US Secretary of Commerce predicts a 6% economic growth rate during Trump's presidency and criticizes Powell for maintaining high interest rates

BlockBeats News, December 12 — US Secretary of Commerce Howard Lutnick today once again criticized Federal Reserve Chair Jerome Powell in an interview with CNBC, accusing him of maintaining excessively high interest rates. “Interest rates should be lower. Jerome Powell’s actions are too late; perhaps he’s too afraid — too afraid to lead this $30 trillion global economy. We should be proactive rather than timid, as if something bad has happened. We are 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 presidency would reach 6%. “Lower interest rates, reduce energy consumption, and economic growth can be achieved, which can save America.”