New Delhi, June 25 -- After Federal Reserve Chair Jerome Powell told lawmakers the central bank is in no rush to lower interest rates, JD Vance criticised Powell's past rate cut before elections while he is not taking action now with inflation lower

JD Vance said in a post, "I'd love to hear an argument for why Powell cut rates 50 points right before an election but can't do it now with inflation lower."

This comes after Powell told lawmakers that the central bank is not in a hurry to cut interest rates, as officials await greater clarity on how President Donald Trump's tariffs are affecting the economy.

"The effects of tariffs will depend, among other things, on their ultimate level," Powell said Tuesday in remarks before a congressio...