The Vice President said the Fed refusing to cut interest rates was "monetary malpractice," echoing sentiment voiced by Trump in recent months.

In a social media post Wednesday morning on X, Vice President JD Vance echoed his boss's urging that the central bank ease monetary policy. The statement followed a Bureau of Labor Statistics report showing that the consumer price index increased just 0.

President Donald Trump and Vice President JD Vance intensified pressure on Federal Reserve Chairman Jerome Powell to cut interest rates by a full percentage point Wednesday, following the release of cooler-than-expected May inflation data that showed consumer prices rising just 0.