Bernie Moreno: “There's certainly room to lower interest rates.”

“I asked Senator Marino about the Fed's decision to hold the interest rates steady. I think that's a wrong headed decision. Look, at the end of the day, There's certainly room to lower interest rates. You've seen other central banks around the world do the same thing. Very disappointed with Chairman Powell. He committed to me in our conference meeting in the Banking Committee that he would stay apolitical during the Biden administration.” (00:46–00:49)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.