US Edition
Vance Rips Fed, Cites Trump After Slow Inflation Report
- On Wednesday, Vice President JD Vance publicly urged the Federal Reserve to cut interest rates following May's cooler-than-expected inflation data.
- The call came after the latest data from the Bureau of Labor Statistics indicated that the consumer price index rose 0.1% month-over-month and 2.4% year-over-year, exceeding the Federal Reserve's 2% inflation target.
- Vance echoed President Trump's long-standing demand for a one percentage point rate cut from the current 4.25%-4.5% target to support economic growth.
- Despite this pressure, market data show a 99.9% probability that the Fed will keep rates unchanged at the upcoming FOMC meeting in a week.
- The tension highlights the Fed’s balancing act amid cooling inflation and tariff concerns, suggesting it may delay easing to monitor incoming data carefully.
37 Articles
37 Articles
Fox ramps up Trump’s pressure campaign against the Federal Reserve
Following a better-than-expected consumer price index report from May, which showed prices increasing by 0.1% last month for an annualized rate of 2.4%, President Donald Trump is redoubling his pressure campaign to get Federal Reserve Chairman Jerome (“Jay”) Powell to cut interest rates. Fox News and Fox Business hosts and guests joined in pressuring Powell to cut interest rates, with former Trump economic adviser Larry Kudlow further suggesting…
The US president reiterated his demand that the Fed reduce the rates by a full percentage point
Trump Says He Won’t Fire Powell, But ‘May Have to Force Something’ on Rates
President Donald Trump has ratcheted up his criticism of Federal Reserve Chair Jerome Powell. Speaking at a June 12 White House event, the president demanded again that the U.S. central bank chief lower interest rates. He projected that reducing rates by two percentage points would save the United States $600 billion annually. “But we can’t get this guy to do it,” Trump said. The president reiterated his position that he would be fine with the F…
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