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Vance Rips Fed, Cites Trump After Slow Inflation Report
- President Donald Trump called the Consumer Price Index's rise of just 0.1% "great numbers" and urged Federal Reserve Chair Jerome Powell to lower interest rates by "one full point."
- Vice President JD Vance criticized the Federal Reserve's inaction on interest rate reductions as "monetary malpractice."
- Annual inflation is reported at 2.4%, remaining above the Federal Reserve's target of 2%.
- Markets expect the Federal Reserve to maintain interest rates next week, despite pressure from the White House.
12 Articles
12 Articles
Fox Business
The Business TimesVance echoes Trump's call for Fed's Powell to cut interest rates: 'Monetary malpractice'
Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates."The president has been saying this for a while, but it's even more clear: the refusal by the Fed to cut rates is monetary malpractice," Vance wrote in a post on X.Trump on Wednesday repeated his prior call for the U.S. central bank cut interest rates by a full point."CPI JUST OUT. GREAT NUMBERS! FED SHOULD LOWER ONE FULL POIN…
Vance Joins President Trump To Pressure Fed To Cut Interest Rates
President Donald Trump and Vice President JD Vance ramped up pressure on the Federal Reserve Wednesday, demanding lower interest rates despite inflation remaining slightly above target. Vance took to X, calling the Fed’s inaction “monetary malpractice” following new data from the Bureau of Labor Statistics showing the Consumer Price Index rose just 0.1% in May. The president has been saying this for a while, but it's even more clear: the refusal…
Trump Hails CPI, Calls on Fed to Drop Rates 1 Full Point
President Donald Trump celebrated a low 0.1% rise in the Consumer Price Index and urged Federal Reserve Chair Jerome Powell to immediately cut interest rates by one full point, with Vice President JD Vance echoing the sentiment and calling Powell's inaction monetary malpractice.
Vance rips Fed, cites Trump after slow inflation report
Vice President Vance ripped the Federal Reserve and cited President Trump's criticism of the central bank after prices rose at a slower than expected rate in May. In a Wednesday social media post published shortly after the release of May inflation data, Vance accused the Fed of bungling its job to balance price growth and unemployment through interest rates. "The president has been saying this for a while, but it's even more clear: the refusal …
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