Trump And JD Vance Push Fed To Slash Interest Rates After Mild Inflation Report, Calling Current Policy 'Monetary Malpractice'
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President Trump and Vice President JD Vance are urging the Federal Reserve to cut interest rates by one percentage point following a mild inflation report showing a 0.1% monthly increase in consumer prices. Vance criticized the Fed's hesitation as 'monetary malpractice,' while Trump emphasized the need for lower rates to reduce debt interest costs. The latest CPI data indicated a 2.4% annual increase, slightly above expectations, amid mixed opinions on the Fed's strategy. Economists are divided on whether to cut rates immediately or adopt a wait-and-see approach.
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