Vice President Pence speaks to the annual meeting of the National Rifle Association on April 26 in Indianapolis. By Jeff Stein Jeff Stein Economic policy reporter Email Bio Follow May 3 at 10:58 AM Vice President Pence said Friday that the Federal Reserve should consider lowering interest rates, joining President Trump in a push to stimulate further expansion in the U.S. economy amid already robust growth and low unemployment numbers.
“I think it might be time for us to consider lowering interest rates,” Pence said. “We are seeing jobs being created all over the country . . . [and that] should be an encouragement to every American and also to people that operate our monetary policies.” Trump’s efforts to influence Federal Reserve policies have been set back recently, as two men he reportedly was planning to nominate to the Fed’s Board of Governors, commentator Stephen Moore and pizza magnate Herman Cain, dropped out amid opposition from Senate Republicans.
Pence defended the nominations, arguing that “the president is very interested in bringing fresh ideas to the Federal Reserve Board.”
Recipe 4 disaster! just a thought.
What I thought the Economy was fantastic... why the cuts.. unless this great Economy thing is bullshit.
Shut up Pence. Let the Fed do its job.
Can Mike Pence spell macroeconomics let alone suggest anything that makes sense?
Vice President who ?
jesus told him so.
Pence is relieved trump got rid of that woman who previously was head of the Federal Reserve. Trump managed to bully his appointee into halting the raising of interest rates. Protect the stock market players. We all appreciate the 1/8th % interest on savings
I think the government should more waste as in Trump and Pence.
Now both idiots on the WH are telling the Fed what to do. What could possibly go wrong?
Oh, so now vp is a monetary policy expert too? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Don't give this type of garbage coverage. Who cares what the State-Funeral-Attender has to say about monetary policy. You're being wagged.
...... Smacking forehead......
But the economy is doing so well, why cut rates. Because it’s all BS. Smoke and mirrors, better save your money people the so called winning is about to end
Pence the same guy who tried to bankrupt Indiana?
That’s why I hope Powell doesn’t get the 🍄treatment. He does not want to lower the fed rate but since Pence also spoke the same I know when 🍄gets something in his feeble mind he doesn’t let it go
Idiot!
WTF does the VP know about economics? The only expertise he has is in sycophancy.
EO11110
Hahahaha with 3.6% unemployment? Where did this guy get his Econ theories?
That's dumb
The other economy genius speaking...
I wonder who he got that idea from?
Wait wait wait...I thought your master said this is the best economy ever?! That would never require cutting rates.
I wonder who really made that suggestion and felt that Pence's delivery would be much easier for people to accept.
BY ATLEAST 1/4 point!!!!!!
How about leave the numbers where their at and let the economy keep rising. Maybe we can hit 3% unemployed by the end of the year......?
Creepy fuck
Both VP and idiotinchief realDonaldTrump again violate the establish norms of having an independent Federal Reserve looking out for all Americans. Worst administration and President in the history.
😉The Federal Reserve is the central bank for the United States. Its decisions affect the U.S. economy, and therefore the world. It is not a company or a Gov. agency. this makes it seem highly suspicious to many people because it is not subject to either voters or shareholders.🤭
2021 is soon enough. The FED has to be broken of the habit of making changes before the old ones have worked their way through the system.
This idiot knows nothing about how the economy works...just like his boss.
We have unemployment under 4% and are spending over two trillion annually in debt to make that happen. Why would we seek to expand our monetary base and try to light inflation now? That is insane economics.
Push the figures around so trump looks good? Is that what you are asking? I believe you have already had your answer on that.
WHY..already low..
And the Fed should listen to him because?
Yup.... do what is best for Trump re-election and not what is best for the country.
VP
This are the same people who railed against Obama doing the same thing, Hypocrites
KatGodspell Getting rid of the Federal Reserve would be better.
Trump wants lower interest rates because it will cut his debt service on all those Deutsche Bank loans. This guy never does anything unless he will benefit personally.
It's time to End the Federal Reserve and Quick.
Did god tell him to tell us this?
Thanks for the suggestion. Now go away.
Ethics LOL
InvestigatePence
That is why we have the Fed Reserve Bank, so stupid politicians leave it to experts to make those decisions. Stick with family values VEEP.
So cut interest rates in “good times” and austerity in bad times.
Another person with no expertise on the subject has weighed in!
He needs to stay in his lane.
What we all want to hear from a Bible-thumping, God and woman-fearing, non-economist...
Why would anyone care what Mike Pence has to say? He's a glorified statue.
Not his decision.
Send Powell to buy gas and food shopping. Talk with Americans to get the intel on the real economy. CPI index does not include food and fuel prices. PowelNeedsToGetWoke
Thank you our nation would absolutely benefit from lowered interest rates and lowering taxes for our middle class American people ... all American people...✌️🇺🇸✌️
Powell is doing the right thing. Trump & Pence are asking for an unnecessary heating up of the economy that could be detrimental.
Well sure he does to stave off the economic disaster the Idiot in Chief is creating. The problem here is that the Administration is not supposed to be telling the Fed what to do
Of course. Boomers and Silents are trying to protect their asset wealth. (That's what this is about.)
and no more can be reduced)
Why? Is he in the market for a car loan?
Let's go for another round of a financial crisis.. why not?
Shut up, Orel.
and should it also forget about its inflation target? these two are a JOKE
Puppet Pence
Mike Pence is an idiot, who doesn't have the first clue as to how the Fed works, what their role is in our economy. You don't lower rates in a booming economy, stupid. Just like you don't cut taxes in a booming economy either. But then again, you supported that too.....
Last I saw Mikey, you don't have an economics degree?
These people...
Powell said no rate cut in 2019
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »