A crowd assembled to hear Republican vice presidential candidate JD Vance speak on Wednesday reacted strongly to a reporter’s question about the Federal Reserve cutting interest rates by half a percentage point, booing as the journalist pointed out that the move would take the strain off Americans struggling with rising prices.
“Just on the Fed cutting—it’s a very Wall Street Journal-y question, but the Fed cut the interest rate today by a half a percentage point,” the reporter can be heard saying in footage of the Raleigh, North Carolina rally, “[that’s] going to alleviate inflation for a lot of people. And so if you have any reaction to that?”
As the audience jeered, Vance replied, “Look, my reaction is… half a point is nothing compared to what American families have been dealing with for the last three years.”