Representative Jim Himes (D-CT) said Sunday on CBS’s “Face the Nation” Commerce Secretary Howard Lutnick was a “huckster and a con man.”
Partial transcript as follows:
MARGARET BRENNAN: We turn now to the top Democrat on the House Intelligence Committee, Representative Jim Himes. He joins us from Connecticut. Good morning to you. Congressman, you are on the Financial Services Committee, so let’s pick up right there. The Supreme Court indicated that the President of the United States does not have the authority to fire the Fed Chair unless there is cause. It sounds like the White House is trying to build a case that they have cause. If they go ahead with it, what happens?
HIMES: Yeah, well, you know, Margaret, the last question you asked the Secretary, shows what a con man he is. And I just listened to his whole thing. And, you know, if you’re over the age of five, you’ve dealt with hucksters and con men. Everything is going to be great in two weeks. By August 1st, we’re going to have a deal. The American people are going to be so happy. Complete failure to understand the facts, right? He said that tariffs are paid by foreign countries. Tariffs are not paid by foreign countries. He said, Jay Powell is torturing the American people. Margaret, you didn’t have the time, but if you’d had a minute, you would have said, wait a minute. There’s a Federal Open Market Committee that is comprised of seven Fed governors, and all of the heads of the central bank offices around the country. That committee, comprised of people who have been appointed by Democratic and Republican Presidents, set the interest rates, right? So, this notion that Jay Powell is unilaterally stopping a decline in interest rates, which, by the way, in the of- in the face- for those of those folks who know a little bit about economics, in the face of up-ticking inflation, which we’re seeing, would be absolutely bananas. So, what you just saw was a master class by a huckster and a con man who uses words like torture that are very, very dangerous words, not just for the economy, but for the physical safety of people like Jay Powell.
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