Vance echoes Trump's call for Fed's Powell to cut interest rates: 'Monetary malpractice'

Trump, in a separate post Monday, called for a full-point interest rate cut.

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 POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!" Trump wrote in a post on Truth Social.

The two posts came after the Bureau of Labor Statistics released the latest consumer price index data Wednesday morning that showed inflation in May was cooler than analysts expected.



Vice President JD Vance by Gage Skidmore is licensed under Flickr CC BY-SA 2.0

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