Vice President JD Vance said the Federal Reserve should cut interest rates to make homes more affordable for Americans, adding to the pressure President Donald Trump has placed on the central bank. He called it the « proper and responsible » response to recent U.S. inflation data. The remarks come less than two weeks before the Federal Open Market Committee meeting, whose outcome remains uncertain: traders are evenly split on the odds of a rate hike. Meanwhile, Kevin Warsh, Trump’s selected Fed chair, has hinted at a possible rate increase to combat persistently high inflation, raising concerns about the erosion of the central bank’s independence.
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