U.S. Secretary of Commerce Urges Powell to Cut Interest Rates: The U.S. Has to Endure the Highest Interest Rates Among First-Class Nations, Which Is Meaningless

According to BlockBeats, on June 21, U.S. Secretary of Commerce Raimondo posted on X platform stating that the United States is the greatest country in the world, yet has to endure the highest interest rates among all first-class nations. Our Federal Reserve Chairman is obviously afraid of his own shadow.

The truly upsetting part of Powell's remarks is that he claims tariffs have led to 'price increases for some relevant categories of products, such as personal computers.' You would think Powell should know that personal computers are not subject to tariffs. Not yet. Tariffs on semiconductors and computers will be announced after the Department of Commerce completes its analysis.

These high interest rates are meaningless.