He’s Afraid to Act

I just listened again to Jerome Powell testify. He goes out of his way to call out tariff price increases POTENTIALLY adding to inflation, as if he’s seen some, but,in fact, he testifies that over the last 2.5 months such inflationary price increases have not materialized. ZERO.…

— Howard Lutnick (@howardlutnick) June 25, 2025

… He literally states that “the overall inflation picture is pretty positive.” What he avoids discussing is the incredible revenue increase the US has received from these tariffs. Our current run rate exceeds $30 billion per month. $30 billion per month in cash received by the US Treasury to reduce our deficit and lower the amount we need to borrow. Low inflation coupled with impressive increased revenues is why our interest rates should be lowered. Lower interest rates will reduce our deficit by dropping our borrowing costs, and will spur economic growth which drives tax revenues even higher. Win, win, win.

That’s why President Trump calls Powell a loser. Because Powell would rather ignore the tariff revenues and keep US rates the highest in the world (for a first class country) because he’s afraid to act. Each 1% cut saves the US hundreds of billions of dollars in interest payments. He should help our economy grow while shrinking our deficit. It is a simple formula. There is no inflation; he just testified to it.

Just cut our interest rates, our deficit will naturally shrink and our economy will soar. Jerome Powell—your job is to help Americans not hurt them, so do your job and CUT our absurdly high Interest rates at your next meeting.