US Commerce Secretary Howard Lutnick has called on the Federal Reserve to implement a more substantial interest rate cut, arguing that the recent quarter-point reduction is inadequate. Lutnick believes that a deeper cut could enhance liquidity and stimulate investment in risk-on assets, including cryptocurrencies. Despite these calls, the Federal Reserve remains cautious, highlighting ongoing inflation risks. Lutnick stressed the importance of lower rates to support businesses and consumers facing economic challenges.
US Commerce Secretary Urges Deeper Fed Rate Cut to Boost Crypto Markets
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
