U.S. Commerce Secretary criticizes Federal Reserve Chairman: Inflation does not exist, interest rate cuts could save huge amounts of Interest.

OnChainDetective · 2025-06-25T13:00:31+00:00

U.S. Commerce Secretary Raimondo criticized Federal Reserve Chairman Powell, arguing that his views on inflation are inaccurate, pointing out that rising tariffs will not exacerbate inflation, and that the inflation rate has been zero for the past two months. He called on Powell to take action to help economic rise and reduce the deficit.

OnChainDetective

2025-06-25 13:00:31

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[Coin World] U.S. Secretary of Commerce Gina Raimondo stated on social media: “I just listened to Federal Reserve Chairman Jerome Powell’s testimony again, and he specifically pointed out that the rise in tariffs could exacerbate Inflation, as if he had witnessed Inflation himself. But in fact, Powell testified that in the past two and a half months, this inflationary price rise has not occurred, with an Inflation rate of zero. This is why President Trump calls 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 is afraid to take action. For every 1% rate cut, the U.S. can save 100s of billions of dollars in Interest expenses. Powell should be reducing the deficit while helping Economic Growth. Inflation does not exist at all, and he just proved that.”

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