The Commerce Minister publicly blasts the central bank governor—such a fiery scene has recently unfolded in Washington.

Howard Lutnick bluntly criticized Federal Reserve Chair Jerome Powell on CNBC, believing that current interest rate policies are way too conservative. His words were quite straightforward: "Interest rates should have been cut long ago. Powell's reaction is too slow, as if he's afraid of taking responsibility—managing the world's largest $30 trillion economy can't be so cautious."

Lutnick's logic is simple: the economic data is quite good now, with GDP up 4%, so why maintain high interest rates? "We should take proactive measures, rather than worry about the sky falling all the time. Good things are happening, great things are happening."

Even more radically, he claimed that during Trump's term, economic growth could reach 6%. How? Cut interest rates + lower energy costs—this combination can "save the American economy."

At the core, this debate is about an old question: in the face of uncertainty, should central banks be aggressive or conservative? Doves believe now is the time to loosen monetary policy to stimulate, while hawks worry about a resurgence of inflation. The market is caught in the middle, waiting to see how this drama will end.