US EditionTrump And JD Vance Push Fed To Slash Interest Rates After Mild Inflation Report, Calling Current Policy 'Monetary Malpractice'
- Vice President JD Vance urged the Federal Reserve to cut interest rates in a Wednesday morning post on X following May's low inflation report.
- This call followed the Bureau of Labor Statistics showing the consumer price index rose 0.1% monthly and 2.4% yearly, both above the Fed's 2% goal but cooler than expected.
- President Trump and Vance have pressured Fed Chair Jerome Powell for a full percentage point rate cut from the current 4.25%-4.5% target ahead of the upcoming FOMC meeting.
- Vance called the Fed’s refusal to cut rates 'monetary malpractice,' while Commerce Secretary Howard Lutnick said rate cuts would yield substantial savings.
- Market odds suggest little chance for a near-term cut but show over 60% probability of easing by September amid ongoing inflation uncertainty and tariff risks.
26 Articles
26 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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