Mike Johnson supports lowering interest rates despite warnings that such actions could lead to inflation in a hot economy. President Trump has previously urged Fed Chair Jerome Powell to cut rates, but Powell has resisted, raising speculation about his potential dismissal. Johnson expressed uncertainty regarding Powell's future but echoed the call for lower rates, arguing they would help make large purchases more accessible. Co-hosts Joe Kernen and Melissa Lee advised caution, noting that lowering rates in a strong economy could result in inflation.
I'm as anxious to see how that plays out as you are. I will tell you that the sentiment here, certainly my opinion is that we should reduce interest rates. The American economy is hot, and we have so many good things going on.
If it's too hot, you don't wanna cut rates! If it's hot, there will be inflation, Mr. Speaker.
I don't say slash interest rates, but do something that makes large-ticket items such as homes and automobiles more enticing to prospective buyers.
We're delivering over and over, the Republican majority here, for the American people. Not just the one big beautiful bill, not just with the rescissions package that we passed last night.
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