The White House blasts the Federal Reserve! Vice President JD Vance angrily confronts Powell: If inflation has decreased, why not cut interest rates?
The tension between the Federal Reserve and the White House is palpable! Vice President JD Vance publicly questions Powell: Before the election, there was a significant cut of 50 basis points; inflation has clearly slowed down now, yet action is still lacking. What is the reason for this? Vance bluntly states that high interest rates are dragging down American families and businesses, and that lowering rates would alleviate this heavy burden!
Former President Trump has also repeatedly criticized Powell for "not cutting rates fast enough," even stating, "He should be fired." Meanwhile, Powell insisted on June 24 during congressional testimony that the Federal Reserve remains cautious, emphasizing the need for more economic data, especially the uncertainty regarding tariff impacts, and that there is no rush to lower rates.
The latest predictions show a slight edge for a rate cut in September, approximately 51% to 47%. Political pressure and monetary policy tensions have reached a boiling point, and future trends are uncertain. Markets and investors should closely monitor the variables behind this Washington "interest rate cut storm," as wealth opportunities may arise from it!