After consumer and producer price inflation measures came in lower than expected, the Trump administration, including the President himself, is calling on Federal Reserve Chairman Jerome Powell and the Fed’s Board of Governors once again to lower interest rates. Trump noted on Truth Social on Wednesday:
Vice President J.D. Vance also called out the Fed, writing on X.com:
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. https://t.co/HqUjWxwcHs
— JD Vance (@JDVance) June 11, 2025
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