The Fight Over Interest Rates Heats up As Your Mortgage Rate Hangs in the Balance

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 Rising political pressure on the Fed could impact your borrowing costs and savings. 

The political heat on the Federal Reserve is rising, and it could shake up everything from your mortgage payments to your savings returns. CNBC reported that Vice President JD Vance called the Fed’s refusal to reduce interest rates “monetary malpractice” on Truth Social recently, echoing President Trump’s continued push for lower rates. Vance criticized Fed Chair Jerome Powell for maintaining…

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