JD Vance has joined President Trump in calling out the Federal Reserve, sharply accusing the central bank of committing “monetary malpractice” by stubbornly refusing to cut interest rates. Vance’s words echo the America First economic agenda, where lowering borrowing costs for American families and businesses is crucial to revitalizing manufacturing and accelerating American prosperity.
In a recent post on X, Vice President Vance said, “The president has been saying this for a while, but it’s even more clear: the refusal by the Fed to cut rates is monetary malpractice.” This sentiment resonates deeply with conservatives who have grown increasingly skeptical of the Fed’s heavy-handed approach to monetary policy, which critics argue risks strangling economic growth and undermining the administration’s bold economic vision.
The recent inflation data underscores the validity of Vance and Trump’s criticism. Core inflation rose a mere 0.1% in May, while annual headline inflation came in at a modest 2.4%. These numbers fell notably below economists’ expectations, suggesting that the Fed’s rationale for holding rates high—supposedly to combat inflation—may be overstated or outdated. Conservatives have long argued that the Fed’s cautious stance on rates has less to do with clear economic necessity and more to do with institutional inertia and a stubborn refusal to admit past mistakes.
President Trump has been relentless in his criticism of Federal Reserve Chair Jerome Powell, labeling him a “fool” and a “major loser” for his unwillingness to align monetary policy with the administration’s pro-growth agenda. Trump’s confidence in the American economy is clear, but Powell’s timidity threatens to put the brakes on the robust economic revival the administration has fought so hard to achieve. Trump’s insistence that rates must “drop immediately” isn’t mere political rhetoric—it’s sound economic policy, aimed at ensuring American competitiveness and job creation in an increasingly competitive global market.
The Fed, for its part, remains defiant. Powell continues to maintain that interest rates must remain elevated, citing the potential inflationary impacts of tariffs on imported goods. Yet, as the administration has repeatedly emphasized, tariffs are a necessary tool to protect American workers and businesses from predatory foreign practices—particularly from China. The Fed’s fixation on the supposed dangers of tariffs conveniently ignores their critical role in President Trump’s broader vision of economic nationalism, where American workers and businesses come first.
Powell’s recent remarks underscore the Fed’s troubling disconnect: “If the large increases in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment.” However, this prediction has yet to materialize meaningfully in official economic data. Many conservatives rightly question whether Powell and the Fed are allowing speculative fears to guide policy, rather than concrete economic realities.
Moreover, the Fed’s persistent pessimism about tariffs ignores the administration’s record of economic success. Under Trump, America has witnessed a manufacturing revival, a steady job market, and rising wages—all despite Powell’s overly cautious approach to monetary policy. It’s becoming increasingly clear that the Fed’s resistance to cutting rates isn’t based on sound economics, but rather institutional stubbornness and a misguided obsession with theoretical inflation risks.
JD Vance’s strong stance against the Fed’s “monetary malpractice” is more than justified—it’s necessary. The American people deserve a central bank that supports economic growth and prosperity, not one that actively undermines it. Lowering interest rates would unleash further economic activity, stimulate investment, and strengthen America’s manufacturing base. It’s time for Jerome Powell and the Federal Reserve to put aside their bureaucratic caution and embrace the bold, pro-growth vision championed by President Trump and Vice President Vance.
The stakes are high: the Fed’s current path risks sabotaging American prosperity. Conservatives must continue to demand accountability and insist that the Federal Reserve align its policies with America’s economic interests. JD Vance’s blunt assessment is exactly what’s needed—it’s time to end the monetary malpractice and reignite the engines of American greatness.
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