#secretary-of-commerce

#secretary-of-commerce

September, or more likely October, is now the realistic opportunity for a rate cut, and even that is far from guaranteed. The data coming through is not consistent with easing in July. In fact, it points in the opposite direction. Inflation is not falling fast enough. The latest wholesale inflation data shows prices rising at 3.4% year-on-year, the strongest pace in a year, and core measures are still running close to 4%.

Lutnick, who lived next door to Epstein in New York for more than a decade, proactively agreed to provide a transcribed interview to the House Committee on Oversight and Government Reform, panel chair James Comer said on Tuesday. Lutnick's relationship with Epstein, who died in 2019 while awaiting sex trafficking charges, has come under mounting scrutiny after he appeared to misrepresent the extent of his associations with the notorious financier.

How it works: Gallup polled a nationally representative sample of about 1,000 people age 15 and older in each of 107 countries from March - October 2025. It asked: "According to you, what is the most important problem your country is facing currently?" Respondents wrote in answers, and Gallup grouped them into buckets. By the numbers: The answer was nearly the same everywhere: The economy was identified by a median of 23% of adults across these countries.

I happened to be in Canada a week ago-in the cold and snowy mountains of Quebec-when President Donald Trump sent the text to the Norwegian Prime Minister, Jonas Gahr Store, in which he explained that, because he hadn't gotten a Nobel Peace Prize, he no longer felt "an obligation to think purely of Peace" with regard to Greenland. Canadians I spoke to seemed saddened by this latest outburst.

This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.

Since taking office, Trump has imposed a range of tariffs on countries, including key trading partners, leading to predictions of inflation skyrocketing, manufacturing screeching to a halt and unemployment soaring. None of those scenarios came true. Inflation, while above the Federal Reserve's target, was a modest 2.7 percent in December. The unemployment rate was relatively low, at 4.4 percent, last month.

Not only is this America's 250th year, but it is a year when competing visions for America's economic future are coming to a head,