JD Vance says the Fed is committing 'monetary malpractice,' joining Trump in bashing the central bank
created: June 11, 2025, 4:32 p.m. | updated: June 12, 2025, 5:42 p.m.
The Vice President took a shot at the Federal Reserve on Wednesday, suggesting that the Fed should cut interest rates in a post on X.
Vance was echoing the sentiment frequently voiced by President Donald Trump, who has hounded the central bank all year to slash interest rates.
The Fed, though, has signaled that it's comfortable keeping interest rates unchanged as it assesses the impact of tariffs on inflation.
Tariffs could raise prices for consumers, and elevated interest rates can help keep a lid on price increases.
In prepared remarks after the Fed's May policy meeting, Powell said the central bank believed the risk of higher inflation had risen, in part due to Trump's tariffs.
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