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Howard Lutnick: “Jay Powell, as he says, is too late. You know. And why did…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick

Published | Video Starts at 09:53

But now it's crystal clear he's got to bring it. And the solution to that is what? A new Fed chair. Well, a new Fed chair certainly is going to help, that's for sure. Because Jay Powell, as he says, is too late. You know. And why did Jay Powell cut 50 basis points just before the election? They were worried about the job market. He was worried about trying to get re appointed. And now it's 25 year. 25 there, 25 here. We, we don't have inflation. (09:53–10:02)

CLAIM

Asserts that Jay Powell cut interest rates by 50 basis points just before the election.

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