I think he's costing us $700 billion a year by keeping rates too high. It's just wrong.
Howard Lutnick: “I think he's costing us $700 billion a year by keeping rates too high. It's just wrong.”
Editor's note · Context
Lutnick criticizes Fed Chair Jerome Powell's interest rate policies and their economic impact.
Share
More from Howard Lutnick
They wanted to walk away. This is politics only. If you think I ever said the words French, do I care about how the Quebecois speak? I mean, what could matter less to America? We don’t care. So the fact is, we never thought those words up.
No, no, that's a hard deadline. So, on August 1, the new tariff rates will come in.
China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm.
The President is absolutely going to renegotiate USMCA, but that's a year from today.