Business & Economy · 38 views
Vance says Fed should lower interest rates: 'Would be nice to have some help'
The Federal Reserve should cut interest rates to make homes more affordable, Vice President JD Vance said Thursday, adding to the pressure President Donald Trump has placed on the central bank to cut borrowing costs.
Summary
The Federal Reserve should cut interest rates to make homes more affordable, Vice President JD Vance said Thursday, adding to the pressure President Donald Trump has placed on the central bank to cut borrowing costs. The remarks came days after Trump's handpicked Fed chair, Kevin Warsh , hinted at the possibility of doing the opposite: addressing persistently high inflation by hiking rates .
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