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Howard Lutnick: “The Fed is running by running off. Their balance sheet is…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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

Published | Video Starts at 12:49

So they're tightening, right? Every month the Fed puts, you know, doesn't buy bonds that they used to buy and sucks that money out of the economy. The Fed is running by running off. Their balance sheet is tightening. They've got plenty of room to cut rates. They've got the room to cut rates. And that's what Donald Trump talks about. Don't make it. (12:49–12:54)

CLAIM

Asserts that the Federal Reserve is tightening by running off its balance sheet.

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