Vance Joins Trump in Calling for Rate Cuts as Fed Meeting Looms

Vice President JD Vance has called on the Federal Reserve to lower interest rates to make homes more affordable, echoing President Donald Trump's push for rate cuts.

In a White House press briefing, Vance said that Trump cares deeply about interest rates because he wants Americans to be able to afford a home. When interest rates rise, borrowing costs increase, making it harder for people to buy a house.

Vance stated that the Fed should lower interest rates in response to recent US inflation data, calling it 'the proper and responsible' thing to do. He added that it would be 'nice to have some help from the Federal Reserve' in keeping interest rates down.