U.S. Commerce Secretary Urges Powell to Cut Interest Rates: The U.S. is having to endure the highest rates among the top-tier countries, and it makes no sense

BlockBeats News, June 21st, U.S. Secretary of Commerce Lutnick posted on the X platform, stating that the United States is the greatest country in the world, yet has to endure the highest rates among all first-class countries. Our Federal Reserve Chairman seems to be afraid of his own shadow.

The truly sad part of Powell's remarks is that he claimed tariffs have led to "price increases in certain product categories, 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 completion of the analysis by the Department of Commerce.

These high rates are meaningless.

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Powell's Final FOMC Meeting Transcript (Including Q&A) Federal Reserve Chair Jerome Powell held his final FOMC meeting today, announcing the central bank's decision on interest rates and providing insights into future monetary policy. Below is the full transcript of his remarks and the subsequent Q&A session with reporters. --- **Chair Jerome Powell:** Good afternoon, everyone. I'd like to thank my colleagues for their hard work and dedication during my tenure as Chair of the Federal Reserv

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Powell Press Conference Full Transcript: Hold on, We Won't Cut Rates Proactively

Quick review of the key points of Powell's hawkish press conference

Powell does not believe that the sharp interest rate cut indicates that a US recession is imminent, but rather that it is more of a preventive action aimed at maintaining the "robust" status quo of the economy and labor market.

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U.S. Commerce Secretary Urges Powell to Cut Interest Rates: The U.S. is having to endure the highest rates among the top-tier countries, and it makes no sense

F2Pool co-founder Wang Chun withdrew and staked 3,996 ETH, valued at $8.23 million.

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