His comments mirror those recently made by President Trump.
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.”
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