After the U.S. inflation report was released, Trump and Vance called on the Federal Reserve to lower interest rates as soon as possible on social media. On June 11, Trump posted on a social platform, saying, "The CPI data just came out, great numbers! The Federal Reserve should cut interest rates by a full percentage point." Trump believes that if the Federal Reserve could lower interest rates, it would significantly reduce the interest payments the U.S. government has to make on its upcoming debt. Meanwhile, U.S. Vice President Vance also echoed on social media: "The President has been saying this for some time, but it is now clearer: the Federal Reserve's refusal to cut interest rates is a dereliction of monetary policy." The U.S. Consumer Price Index (CPI) for May increased by 2.8% year-on-year after excluding food and energy costs, remaining at the lowest level since March 2021, and also below the market expectation of 2.9%. Even though the latest report was better than market expectations, both year-on-year increases are still above the Federal Reserve's 2% inflation target. The Federal Reserve may be more inclined to "hold steady" to observe the impact of tariffs on prices. The Federal Open Market Committee (FOMC) of the Federal Reserve is set to announce its interest rate decision a week later, and the market currently expects little chance of a rate cut at that meeting. The next rate cut may have to wait until September.