Vance says the Fed should cut interest rates

Vice President JD Vance said the Federal Reserve should lower interest rates to help make homes more affordable, echoing President Donald Trump’s pressure on the central bank to reduce borrowing costs. Vance made the comments at the White House on Thursday while discussing the U.S. bond market and recent inflation data. He said the administration is taking steps to keep rates down, but added that it would welcome support from the Fed. The remarks come ahead of the Federal Open Market Committee’s next meeting, where traders are split on whether policymakers will raise, hold, or cut rates. Vance’s comments also add to concerns about the Fed’s independence as Trump continues to push for lower rates and has moved against Fed officials.