Skip to content
Search AI Powered

Latest Stories

JD Vance Supporters' Reaction To News The Federal Reserve Cut Interest Rates Is Peak MAGA

JD Vance at rally
Real America's Voice

After the Federal Reserve cut interest rates 0.5%, the news was booed by the crowd at a JD Vance event in which Vance was responding to a question about the cut.

Financially strapped Americans saw a glimmer of hope for their financial futures when the Federal Reserve cut its benchmark interest rate by a surprising half percentage point on Wednesday, heralding the end of the fight against inflation after two years of high rates.

However, when Republican nominee Donald Trump's running mate JD Vance was about to respond to a question at a recent rally about the rate cut, which was the first in four years since COVID took a major toll on the economy, his MAGA supporters reacted with an eye-raising yet unsurprising audible response.


They booed.

Since 2021, the rate has lingered on a 5.3% level high.

With the key lending rate now lowered by 50 basis points to a range of 4.75% to 5%, the move will benefit the finances of millions of Americans by lowering borrowing costs on mortgages, credit card debt, auto loans, and saving rates.

The influence over time will also help stimulate and incentivize growth and spending.

But leave it to the woefully ignorant MAGA contingent to shoot down a basic concept they don't understand, particularly an economic development envisioned to help average US citizens. All presumably because it is a win for the Biden-Harris administration.

You can watch a clip of Trump and Vance supporters booing at news of the cut on interest rates here.

When a reporter asked Vance his reaction to news about how the Fed's cut would "alleviate inflation for a lot of people," Trump's VP pick paused until the rally crowd expressed their disapproval.

He then replied:

"My reaction is that half a point is nothing to what an American families have been dealing with for the last three years."

To which the crowd cheered.

On social media, users face-palmed and weighed in on what they thought was peak MAGA mentality.







The Federal Reserve's policymakers are expecting to slash the key rate by an additional half point in meetings in November and December, followed by more cuts envisioned in the next couple of years.

In a news conference, Fed Chair Jerome Powell, a senior economist at LendingTree, expressed enthusiasm for getting closer to victory over inflation, saying:

“We know it is time to recalibrate our (interest rate) policy to something that’s more appropriate given the progress on inflation,”
“We’re not saying, ‘mission accomplished’ ... but I have to say, though, we’re encouraged by the progress that we have made."

He added that the U.S. economy was "in a good place,” and that their decision Wednesday was "designed to keep it there.”

And, cue the rightful applause.

More from News

Elon Musk; Matt Gaetz
Andrew Harnik/Getty Images; Anna Moneymaker/Getty Images

Elon Musk Mocked For Hilariously Wrong Prediction About Matt Gaetz—And Yeah, That Did Not Age Well

After former Florida congressman Matt Gaetz dropped out of contention for President-elect Donald Trump's Attorney General post, a hilariously over the top post from billionaire Elon Musk—who is tapped to lead Trump's "Department" of Government Efficiency—resurfaced that showcases how wrong Musk was about Gaetz's future within the second Trump administration.

Gaetz was previously the subject of a Justice Department investigation into alleged sex trafficking involving a 17-year-old girl and has faced scrutiny from the House Ethics Committee over accusations of sexual misconduct. However, that inquiry effectively concluded last week when Gaetz announced his resignation from Congress.

Keep ReadingShow less
Screenshots of Abby Phillip and Bruce LeVell
CNN

CNN Host Shuts Down Conservative For Calling Female Guest 'Dear'—And People Are Cheering

CNN host Abby Phillip stepped in after Bruce LeVell—the former executive director of President-elect Donald Trump’s 2016 National Diversity Coalition—called Democratic strategist Jennifer Roginsky "dear" during a panel discussion.

The panel had convened to discuss the sex trafficking allegations about former Florida congressman Matt Gaetz, who yesterday withdrew his name from consideration for being Trump's pick for Attorney General.

Keep ReadingShow less
Billy Bob Thornton
Michael Buckner/Variety via Getty Images

Billy Bob Thornton Gets Hilariously Candid About Why He Wears Women's Jeans

Actor Billy Bob Thornton has a unique style all his own and he specifically talked about his clothing preference not found in the men's section.

During an appearance on The Drew Barrymore Show Thornton revealed he likes wearing women's jeans and explained why.

Keep ReadingShow less
Florence Pugh
Marleen Moise/Getty Images

Florence Pugh Shares 'Mind-Boggling' Health Diagnosis In Powerful Reminder To Women

27-year-old actress Florence Pugh reminded fans this week of the importance of performing regular health checks, especially when your body seems to be telling you something.

While on the She MD Podcast, Pugh explained that she'd been experiencing some pain and discomfort, and at one point, she was "having weird dreams" and she just had a "sudden feeling" that she needed to go to the doctor.

Keep ReadingShow less
Jay Leno
Inside Edition

Heavily-Bruised Jay Leno Opens Up About Nasty Fall The Left Him Wearing An Eye Patch

Former Tonight Show host Jay Leno revealed what led to him getting bruised up and wearing an eye patch.

The 74-year-old comedian, also known for his Primetime talk show The Jay Leno Show, spoke to TMZ and Inside Edition about having a bad fall on Saturday night while he was staying at a hotel on top of a hill.

Keep ReadingShow less