U.S. Vice President JD Vance publicly criticized Federal Reserve Chair Jerome Powell for his monetary policy decisions, questioning why Powell reduced interest rates by 50 basis points just before a previous election despite higher inflation, yet has refrained from cutting rates now when inflation is reportedly lower. Vance's remarks highlight a perceived inconsistency in the Fed's approach to interest rate adjustments. Additionally, Vance echoed former President Donald Trump's view that the Federal Reserve has been slow to respond both in combating inflation during President Biden's administration and in lowering rates currently.